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One of the bills of the Arizona reserves was a successful vote far away from going to the governor's desk for the final approval after it passed the house.
Strategic digital digital assets reserve bill (SB1373) is Approved Through the House Committee of the whole on April 17. There will now be a third reading of the bill before a final floor vote.
The Governor of Arizona may set the bill approved by the Senate Crypto Reserve
SB1373 aims to create a fund consisting of digital assets that have been seized by criminal proceedings.
Arizona Update:
The Bitcoin Reserve Bill SB 1373 was passed by the House Committee of the whole (with a minor amendment).
The next step is a third reading and final floor vote. pic.twitter.com/ooahjbzatr
– Bitcoin Laws (@bitcoin_laws) April 17, 2025
Arizona's treasurer will be allowed to invest up to 10% of the total funding of the funds in any fiscal year. The state treasurer may also loan the ownership of the fund to produce more return, provided that loans do not come with a higher risk.
While the bill could receive the Senate approvement, Arizona Governor Katie Hobbs recently pledged to reflect all bills until the legislature passed a bill for funding disability. It could mean that the hobbs, who already have Vetoed 15 bills Sent to his desk this week only, Veto SB1372 may be.
Arizona Bitcoin-only Bill also awaits full vote on the floor
Next to SB1373 is the Strategic Bitcoin Reserve Act (SB1025) of Arizona, which includes only the BTC and has been passed to the state legislature.
SB1025 recommends the state retirement and retirement system allowed to invest up to 10% of the available funds available in Bitcoin. Similar to SB1373, SB1025 is now awaiting a full floor vote after passing the Arizona House Committee entirely on April 1.
Other US states are in Race To establish a Bitcoin reserve. Utah passed the Bitcoin law on March 7. However, the provision was to scrape the final reading.
Meanwhile, the Senate of Texas passed the Bitcoin's reserve Bill on March 6. A similar bill was recently passed to the New Hampshire home.
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