The American state of Arizona takes new measures in the treatment of cryptocurrencies. On Monday, the State Senate adopted two new laws which would make it possible to invest in public funds in Bitcoin and other digital currencies. If it is approved, Arizona would become the first state to adopt such measures, although the final decision now lies in Governor Katie Hobbs.
🚨 What now for the Bitcoin reserve of Arizona?
The two reserve bills must be signed by Governor Hobbs.
Last week, Hobbs signed a bill linked to digital assets and opposed its veto.
It could go in both directions.
Which means it's time to contact your office👇
– Bitcoin Laws (@bitcoin_laws) April 28, 2025
Two invoices – a goal
The two proposals are named SB1025 and SB1373. The two aim to create a fund to organize cryptocurrencies but differ in structure and details.
- SB1025 is short and precise. He seeks to establish a Bitcoin reserve, allowing investment up to ten percent of public funds. The reserve would only include cryptocurrencies like Bitcoin, which are not linked to traditional currencies such as the US dollar.
- SB1373 is more complete. It offers a reserve of strategic digital assets to contain confiscated cryptocurrencies as well as funds allocated by the government. The reserve would also include stablecoins and NFT, with management provisions, audits and even an emergency protocol.
Two approaches to crypto reserves
The two bills adopt different approaches:
SB1025 wants to actively use public funds to buy cryptocurrencies, possibly including pension funds. SB1373, on the other hand, focuses on the use of confiscated digital assets and adds lighter rules for governance.
Politics plays a role
It is uncertain to know if Governor Hobbs will sign the invoices. The Democrat opposed his veto to several laws related to the crypto in the past. Although she signed a bill protecting Bitcoin miners, she rejected another aimed at promoting cryptographic startups.
In addition, the two bills come from republican senators considered to the far right. Wendy Rogers (SB1025) and Mark Finchem (SB1373) were criticized for having distributed conspiracy theories and allegedly links with the extremist group “Oath. This could make Hobbs' decision even more complicated.
Conclusion
Arizona could become the first state in the United States to implement an official Bitcoin reserve. However, the ball is now at the court of Governor Katie Hobbs, and it is not clear if it will take the political risk.
🚨🚨 We need your help🚨🚨
Two strategic bitcoin reserve invoices are now sitting on the Governor's office in Arizona!
Say Gov. Hobbs to sign them!
Send a letter (non-resident): pic.twitter.com/gshdfe1drb
– Dennis Porter (@dennis_Porte_) April 30, 2025
Now it's official: the United States is establishing a Bitcoin strategic reserve!
Now it's official: the United States is establishing a Bitcoin strategic reserve!
