Arizona Approves Bitcoin Reserve Bills
- Arizona lawmakers passed Senate Bill 1025 and Senate Bill 1373.
- The bills allow up to 10% of public assets to be invested in digital assets, including Bitcoin.
- Senate Bill 1373 establishes a Digital Assets Strategic Reserve Fund.
- Bitcoin’s price rose to near $95K after the vote, a 25% increase from early-April lows.
- Governor Katie Hobbs has not yet indicated her position on the bills.
The Arizona House of Representatives approved two bills allowing significant investment in digital assets, with potential implications for blockchain innovation. Governor Hobbs’ decision is pending.
Source (2.6)https://cryptobriefing.com/arizona-bitcoin-reserve-bill-approval/?rand=59535
