Arizona’s batches have gained the development of the state -run cryptocurrencies this week. The draft law was established by a decisive obstacle when the draft law on the strategic digital assets reserves (SB 1373) moved through the Supreme Chamber of the House of Representatives on April 17. The final vote is scheduled to have a final vote before the Governor Katie Hobbes arrives.
Bell will create a box of seized encryption assets
SB 1373 It will create a strategic reserve box of digital assets consisting of the seizures in criminal procedures. The state treasurer will manage this fund and can invest up to 10 % of the total amount of digital assets every year.
Under the law, Arizona treasurer will also be able to provide the fund’s assets to enhance revenues. The lending force is accompanied by the requirements of not strengthening financial risks.
Source: Arizona House Committee of the Whole.
The threat of the ruling veto is commented on the legislation
The draft law clip can be released even if it wipes its last vote. The Governor Hobbes recently threatened to arrest all draft laws so that legislators enact legislation to finance the deficit. Its history does not look good for the encryption bill – it already has Cassing against 15 bills That fell to her office this week.
SB 1373 will pass the house. However, he diluted it with another draft encryption law, SB 1062, which would expand the definition of legal giving to include the encrypted currency.
Arizona strategy #Bitcoin The Reserve Bill pass the final committee
What a time when you are alive !!! pic.twitter.com/otrohg5gt
– Vivek
(@Vivek4real_)) April 17, 2025
Bitcoin Second Bill for Mandar also
Orzona lawmakers pay a second encryption currency bill in addition to SB 1373. The Bitcoin Strategic Reserve Law in Arizona (SB 1025) aims to invest in Bitcoin exclusively and not on a broader set of digital currencies.
This legislation will allow the retirement system in Arizona and the Treasury Treasury to invest up to 10 % of the funds available in bitcoin investments. SB 1025 Parliament Committee approved on April 1 and now awaits its own vote.
Arizona leads a multi -state race for encryption reserves
According to the recent legislative progress, Arizona is at the forefront of multiple states in following up the projects of encrypted currency reserve. Utah agreed Bitcoin Bills on March 7, but canceled the vital judgment of the Bitcoin Reserve in its third reading.
Image: VectorStock
The Senate in Texas issued a similar budget bill in Bitcoin on March 6, and the New Hampshire House recently approved similar legislation. While Arizona seems to lead this charge to move these bills forward, Fahr believes that the Texas Law has the best snapshot to become a law, noting that he faced “the lowest frank road barriers” so far.
These state initiatives are part of the emerging trend of government institutions that see the encoded currency as an integral part of its investment portfolios, yet political challenges have not been overcome. If entry to the law is logged, the bills will indicate a typical shift in how state governments are investing and managing them.
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