Editor's PiCK
Arizona's Bitcoin Strategic Reserve Plan Passes Both Houses, Awaiting Governor's Approval
Summary
- Arizona has passed the Bitcoin Strategic Reserve Plan in the House, leaving only the governor's approval.
- The Arizona House announced that through bills SB1373 and SB1025, they are promoting the creation of a digital asset strategic reserve managed by the state treasurer.
- Notably, SB1025 grants pension funds the authority to invest in virtual assets, making Arizona the first state to pass it through both the Senate and the House.
As multiple states in the United States are proposing Bitcoin (BTC) strategic reserve bills, attention is focused on whether Arizona will become a leader in Bitcoin strategic reserves.
According to CoinPedia on the 28th (local time), the Arizona House of Representatives passed the Bitcoin strategic reserve bills SB1373 and SB1025 on this day. The vote showed that SB1373 secured 37 votes in favor, and SB1025 secured 31 votes in favor.
Specifically, SB1025 is a bill that grants pension funds the authority to invest in virtual assets. Additionally, SB1373 includes the creation of a digital asset strategic reserve managed by the state treasurer.
Meanwhile, with the Arizona House passing the Bitcoin strategic reserve bill SB1025, Arizona has become the first state to pass the Bitcoin strategic reserve bill in both the Senate and the House. The SB1025 bill is expected to receive final approval from Arizona Governor Katie Hobbs.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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