Arizona Senate Passes Digital Assets Bill

Arizona Senate Approves Strategic Digital Assets Reserve Bill, Advances to House

• The Arizona Senate passed SB 1373 with a 17-12 vote.
• The bill proposes the creation of a state-managed reserve for seized bitcoin.
• The proposed reserve will be overseen by the state treasurer.
• The bill now moves to the House for further consideration.

On February 27, the Arizona Senate approved SB 1373 by a narrow margin of 17-12, proposing a state-managed reserve for seized bitcoin. The bill, which establishes oversight by the state treasurer, now advances to the House for further debate and potential approval.