Arizona’s decision to explore investments in digital assets, such as bitcoin is indicative of a growing tendency in states to diversify public finances.
Arizona lawmakers have taken a significant step toward embracing bitcoin, with the state Senate Finance Committee approving the “Arizona Strategic Bitcoin Reserve Act” (SB1025) in a 5-2 vote on Monday, Jan. 27.
Co-sponsored by Senators Wendy Rogers and Jeff Weninger, the bill will allow Arizona to invest up to 10% of public funds in bitcoin and other digital assets. The proposal enables state entities, such as the state treasurer and retirement systems, to allocate funds into virtual currencies.
Additionally, the bill outlines provisions for securely storing these digital assets in a segregated account. This account could align with a potential federal Strategic Bitcoin Reserve if the U.S. Treasury establishes one.
The Arizona bill now heads to the Senate Rules Committee, which will determine the framework for floor debate and amendments.
Continue Reading: https://news.bitcoin.com/arizona-senate-approves-bill-to-create-strategic-bitcoin-reserve/
(Bitcoinist) Bitcoin: Arizona To Become First US State To Vote On Strategic Reserve Bill
“Arizona has advanced Senate Bill 1025 — also known as the ‘Arizona Strategic Bitcoin Reserve (SBR) Act’ — out of committee, positioning it to become the first US state to vote on legislation that would authorize investing state funds in Bitcoin.”
Read Article: https://bitcoinist.com/bitcoin-arizona-first-us-state-vote-reserve/
(Binance) Arizona Lawmakers Propose Bill Allowing Public Funds Investment in Bitcoin
“The proposed legislation, known as SB1025 or the ‘Arizona Strategic Bitcoin Reserve Bill,’ was co-sponsored by Wendy Rogers and Jeff Weninger. It allows the state to invest up to 10% of public funds, including those held by the state treasurer and retirement systems, in cryptocurrencies like Bitcoin.”
(PANews) Arizona Senate Committee Approves Strategic Bitcoin Reserve Bill
“PANews reported on January 28 that according to Crypto Briefing, Arizona legislators proposed a bill allowing public funds to invest in Bitcoin and other digital assets. The state Senate Finance Committee approved the bill on January 27 with a 5 to 2 vote.”
Read Article: https://www.panewslab.com/en/sqarticledetails/mvy3o16y.html
(The Block) Arizona passes initial step towards the state being able to invest in crypto
“Arizona’s Senate Finance Committee greenlit the initial step towards the state being able to invest in crypto. […] The approval coincides with Monday’s confirmation of pro-crypto Scott Bessent as the new U.S. Treasury Secretary, who will reportedly work to set up a federal regulatory framework for digital assets as part of the “Presidential Working Group on Digital Asset Markets.”
Read Article: https://www.theblock.co/post/337339/arizona-passes-initial-step-towards-the-state-being-able-to-invest-in-crypto
(Coinspeaker) Arizona Senate Approves Strategic Bitcoin Reserve Bill
“Although the bill cleared the Finance Committee, its journey to becoming law remains incomplete. It now advances to the Senate Rules Committee, where procedures for debate and amendments will be determined.”
Read Article: https://www.coinspeaker.com/arizona-senate-approves-strategic-bitcoin-reserve-bill/
(TipRanks) Arizona Advances Bold Bitcoin Reserve Legislation
“Arizona lawmakers have taken a bold step forward with the advancement of a groundbreaking Bitcoin reserve bill. The Strategic Bitcoin Reserve Act (SB1025), co-sponsored by Senator Wendy Rogers, cleared the State Senate Finance Committee on Jan. 27 with a 5-2 vote. This bill aims to allow public funds and pensions to invest up to 10% of their capital in Bitcoin and other digital assets, setting Arizona apart as a leader in cryptocurrency innovation.”
Read Article: https://www.tipranks.com/news/arizona-advances-bold-bitcoin-reserve-legislation
(BTC Times) Arizona Senate Advances Bitcoin Reserve Bill
“Author Andy Lian suggested the bill could encourage other states, such as Texas and Pennsylvania, to pursue similar initiatives. However, he cautioned that Bitcoin’s volatility necessitates safeguards to protect taxpayers from potential financial risks. If passed, the legislation could influence how Bitcoin and digital assets are integrated into public finance across the United States.”
Read Article: https://btctimes.com/arizona-senate-advances-bitcoin-reserve-bill/
(Crypto.News) Arizona Senate Committee Greenlights Bitcoin Reserve Bill
“Dennis Porter, CEO of the Satoshi Action Fund, highlighted that Arizona’s move is part of a broader trend, with eleven states already introducingsimilar Bitcoin reserve bills.”
Read Article: https://crypto.news/arizona-senate-committee-advances-bitcoin-reserve-bill/
(CoinTelegraph) Arizona Senate moves forward with Bitcoin reserve legislation
“Bitcoin reserve proposals are gaining support across the US thanks to President Donald Trump’s pro-crypto policies and recent executive order on crypto. The success of the bill could bring an influx of new institutional Bitcoin adopters, according to Anastasija Plotnikova, co-founder and CEO of Fideum.”
Read Article: https://www.cryptotimes.io/2025/01/28/arizona-senate-committee-greenlights-bitcoin-reserve-bill/
(AMB Crypto) Arizona Senate greenlights Bitcoin Reserve Bill – Is the state leading U.S. crypto adoption?
“The growing adoption of cryptocurrencies continues to reshape financial policies across the United States, with Arizona emerging as a key player.”
Read Article: https://ambcrypto.com/arizona-senate-greenlights-bitcoin-reserve-bill-is-the-state-leading-u-s-crypto-adoption/
(BraveNewCoin) Arizona Senate Committee Approves Strategic Bitcoin Reserve Bill in 5-2 Vote
“The surge in Bitcoin reserve legislation underscores the expanding influence of the cryptocurrency sector. In Arizona, the industry played a significant political role during the last election cycle, allocating $5.9 million to support candidates favoring crypto policies. This strategic lobbying appears to yield results as the state emerges as a leader in Bitcoin adoption.”
Read Article: https://bravenewcoin.com/insights/arizona-senate-committee-approves-strategic-bitcoin-reserve-bill-in-5-2-vote
(NameCoin News) Arizona Advances Bitcoin Strategic Reserve Bill, Moves Closer to Adoption
“Arizona policymakers have made progress on a proposal to establish a state-level Bitcoin reserve. The Strategic Bitcoin Reserve Act (SB1025), sponsored by Senator Wendy Rogers and Representative Jeff Weninger, received approval from the Arizona State Senate Finance Committee on January 27, passing with a vote of five to two.”
Read Article: https://www.namecoinnews.com/arizona-bitcoin-strategic-reserve-bill/