Arizona Lawmakers Pass Cryptocurrency Investment Bills
- Arizona House passed Senate Bill 1025 with a 31-25-4 vote.
- Senate Bill 1373 was approved by the House with a 37-19-4 vote.
- Both bills were previously passed by the Arizona Senate on February 27.
- SB1025 allows up to 10% of public funds to be invested in Bitcoin.
- SB1373 establishes a fund for digital assets, including seized assets.
The Arizona legislature has approved two bills aimed at integrating cryptocurrency into state finances. SB1025 focuses on Bitcoin investments, while SB1373 creates a framework for managing various digital assets. Both bills await Governor Katie Hobbs’ signature to become law.
Source (2.6)https://decrypt.co/316830/arizona-lawmakers-approve-complementary-bitcoin-crypto-bills?rand=52368
