Arizona crosses the goal and approves his Bitcoin reserve

Foto del autor

By Berto R

  • One of the initiatives focuses only on BTC, while the other covers several cryptocurrencies.

  • Currently more than 15 states in the US have presented reservation projects in Bitcoin.

On a historic day for Bitcoiners, Arizona becomes the first US jurisdiction. Uu. To approve a strategic BTC reserve. The SB 1373 and SB 1025 bills were approved in their third and last reading, and are now ready to be sent to Governor Katie Hobbs.

The SB 1373 initiative, mainly sponsored by Senator Mark Finchem and backed by officials Shawnna Bolick, Brian Fernandez, Jake Hoffman, sell Leach and JD Mesnard, began their legislative process in February 2025. During that month it was reviewed by the Senate Finance Committee. The project, which proposes The creation of a strategic reserve of cryptoactive in Arizonahe left his second reading in early March, and a few days ago he obtained the approval of the Plenary Committee of the House of Representatives.

The objective of Finchem and other senators is to grant to the state treasure the authority to invest up to 10% of the total amount of the reservation in each fiscal yearas well as the ability to provide digital assets in order to generate additional income.

The SB 1025 project, known as the «Bitcoin Strategic Reserve Law of Arizona», was initially accompanied by the Senate Finance Commission at the end of January, starting its legislative process. Sponsored by Senator Wendy Rogers and representative Jeff Weninger, SB 1025 seeks Authorize investment of up to 10% of public funds in BTCwith the aim of diversifying state reserves and positioning Arizona as a leader in the adoption of cryptocurrencies.

If Governor Katie Hobbs decides to veto the proposals SB 1373 and SB 1025, These would return to the Senate of Arizona so that legislators consider whether they try to cancel the veto. To overcome a veto in Arizona, a two -thirds majority is required in both cameras (20 votes in the Senate and 40 in the House of Representatives).

A few days ago, Hobbs had promised to veto any initiative that was not on its desk, unless a bipartisan measure was approved that guaranteed USD 122 million to help disabled. Although an agreement was finally reached, it should be noted that The governor’s trajectory includes 216 vetoes in the last two years.

With the approval of SB 1373 and SB 1025, Arizona takes a decisive step to position itself as a pioneer in the adoption of Bitcoin as a strategic reserve. While the State leads the race, other territories such as Texas, with proposals to include bitcoin in state pension funds, and new Hampshire, which explores to allow the treasurer to invest part of public funds in precious metals and digital active metals, are following similar paths. This reflects a growing interest in being part of this renewed and proactive approach to the sector, promoted by the Trump administration from its return to the White House.

Deja un comentario