Editor's PiCK
Arizona State Senate Passes Bitcoin Strategic Reserve Bill... House Vote Procedure Remains
Suehyeon Lee
Summary
- The Arizona State Senate has passed a Bitcoin strategic reserve bill.
- The bill includes creating a digital asset strategic reserve and utilizing virtual assets seized by the state.
- Currently, 18 states in the U.S. are discussing this bill, and Arizona is in the final stages of the process.
The Arizona State Senate has passed a Bitcoin (BTC) strategic reserve bill.
According to Cointelegraph on the 28th (local time), the Arizona State Senate passed the Bitcoin strategic reserve bill with 17 votes in favor and 12 against the previous day. Now only the House vote remains.
The bill centers on creating a digital asset strategic reserve managed by the state treasurer, investing funds allocated by the state legislature, and including virtual assets (cryptocurrencies) seized by the state. Currently, 18 states in the U.S. are waiting for Senate votes on this proposal, and two states, including Arizona and Utah, are in the final stages of the approval process.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
![Trump ally Myron, a Fed governor, resigns White House post…pushing for rate cuts until Warsh arrives? [Fed Watch]](https://media.bloomingbit.io/PROD/news/75fa6df8-a2d5-495e-aa9d-0a367358164c.webp?w=250)