The U.S. state of Arizona is taking new steps in dealing with cryptocurrencies. On Monday, the state Senate passed two new laws that would allow public funds to be invested in Bitcoin and other digital currencies. If approved, Arizona would become the first state to adopt such measures, though the final decision now lies with Governor Katie Hobbs.
🚨 WHAT NOW for Arizona’s Bitcoin Reserve?
Both Reserve bills must be signed by Governor Hobbs.
Last week Hobbs signed one bill related to digital assets, and vetoed another.
It could go either way.
Which means NOW is the time to contact her office👇 https://t.co/4cohncrir2
— Bitcoin Laws (@Bitcoin_Laws) April 28, 2025
Two Bills – One Goal
The two proposals are named SB1025 and SB1373. Both aim to create a fund for holding cryptocurrencies but differ in structure and details.
- SB1025 is short and to the point. It seeks to establish a Bitcoin Reserve, allowing up to ten percent of public funds to be invested. The reserve would only include cryptocurrencies like Bitcoin, which are not tied to traditional currencies like the U.S. dollar.
- SB1373 is more comprehensive. It proposes a Strategic Digital Asset Reserve to hold confiscated cryptocurrencies as well as government-assigned funds. The reserve would also include stablecoins and NFTs, with provisions for management, audits, and even an emergency protocol.
Two Approaches to Crypto Reserves
The two bills take different approaches:
SB1025 wants to actively use state funds to purchase cryptocurrencies, possibly including pension funds. SB1373, on the other hand, focuses on utilizing confiscated digital assets and adds clearer rules for governance.
Politics Play a Role
Whether Governor Hobbs will sign the bills is uncertain. The Democrat has vetoed several crypto-related laws in the past. While she has signed a bill protecting Bitcoin miners, she rejected another one aimed at promoting crypto startups.
Additionally, both bills come from Republican senators considered to be on the far-right. Wendy Rogers (SB1025) and Mark Finchem (SB1373) have been criticized for spreading conspiracy theories and allegedly having ties to the extremist group „Oath Keepers.“ This could make Hobbs‘ decision even more complicated.
Conclusion
Arizona could become the first state in the U.S. to implement an official Bitcoin reserve. However, the ball is now in Governor Katie Hobbs‘ court, and it’s unclear whether she will take the political risk.
🚨🚨 WE NEED YOUR HELP🚨🚨
Two ‚Strategic Bitcoin Reserve‘ bills now sit on the Governor’s Desk in Arizona!
TELL GOV. HOBBS TO SIGN THEM INTO LAW!
SEND LETTER (AZ-Resident): https://t.co/PCzNFvHKO1
SEND LETTER (Non-Resident): https://t.co/3ei1EO66C7 pic.twitter.com/gshDFe1dRB
— Dennis Porter (@Dennis_Porter_) April 30, 2025
Now It’s Official: The U.S. Establishes a Strategic Bitcoin Reserve!
Now It’s Official: The U.S. Establishes a Strategic Bitcoin Reserve!
