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Key Points: Arizona’s Bitcoin reserve bills face a crucial vote amidst budget disputes. Arizona poised to pioneer state-level digital asset reserves. The governor’s veto over disability funding could derail the bills. Arizona’s legislature is set to vote next week on two bills that, if passed, would establish a Bitcoin reserve, positioning Arizona as a U.S. leader in digital asset policy. This legislative move could herald a paradigm shift in how states engage with digital assets, though potential gubernatorial veto due to unrelated budget disputes might hinder progress. Arizona Set for Historic Bitcoin Reserve Vote The Arizona legislature will conduct a final vote on two pivotal Bitcoin reserve bills next week. These bills, SB 1373 and SB 1025, have been scheduled for a third reading, potentially establishing a state Bitcoin reserve. If passed, this legislative action could enable Arizona’s treasury and state retirement system to allocate up to 10% of funds into Bitcoin and other digital assets. Should the bills succeed, they may transform Arizona into a pioneer state in public-sector digital asset policy. The legislation also outlines methods for investing through state-registered crypto products and securing returns via qualified custodians. The bills’ adoption would mark a significant step in legitimizing public investments in cryptocurrencies at a state level. However, the potential for a gubernatorial veto remains high due to ongoing budgetary disputes. Governor Katie Hobbs has threatened to veto all legislative bills, including those related to Bitcoin, due to disagreements over disability funding. This uncertainty has sparked lively discussions within the crypto community. Noted commentator Vivek (@Vivek4real_) expressed optimism following the bills’ committee passage, stating: “ARIZONA’S STRATEGIC #BITCOIN RESERVE BILL PASSES FINAL COMMITTEE WHAT A TIME TO BE ALIVE!!!” Potential Veto Looms Amid Budget Dispute Did you know? Arizona could serve as a model for state-level digital asset policy across…

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Filed under: News - @ April 26, 2025 10:25 pm