Arizona, USA Approves Bitcoin Strategic Reserve Bill

Suehyeon Lee

Summary

The state of Arizona in the United States has reportedly approved a bill to introduce a Bitcoin strategic reserve.
The bill reportedly includes the introduction of a Bitcoin strategic reserve at the state government level.
It reportedly allows up to 10% of public funds to be invested in virtual assets.

The state of Arizona in the United States has approved a bill to introduce a Bitcoin (BTC) strategic reserve.

According to Crypto Briefing on the 28th (local time), the Arizona State Senate Finance Committee passed the 'Strategic Bitcoin Reserve Bill (SB1025)' the previous day.

This bill introduces a Bitcoin strategic reserve at the state government level, allowing up to 10% of public funds to be invested in virtual assets (cryptocurrencies).

BTC

Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.

Editor's PiCK

Arizona, USA Approves Bitcoin Strategic Reserve Bill

PiCK News

US January ADP private payrolls rise by 22,000, far below expectations

"BitMine is sitting on $6.6bn in losses" criticism draws response… Tom Lee: "You’re missing the point of a DAT"

Outflows from U.S. Bitcoin ETFs intensify…assets under management fall below $100bn

[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership

Digital asset exchanges voice concerns to ruling party… “Equity regulation would weaken global competitiveness”

Trending News