The Senate in the state of Arizona approves the bitcoin reserves – a decision now with the ruler
The American state of Arizona is taking new steps in dealing with cryptocurrencies. On Monday, the state’s Senate issued new laws to allow the investment of public funds in Bitcoin and other digital currencies. If it is approved, Arizona will become the first country to adopt such measures, although the final decision is now with Governor Katie Hobbes.
What now for the Bitcoin Reserve in Arizona?
Both reserve bills must be signed by the Governor Hobbes.
Last week, Hobbs signed one bill related to digital assets, and the right to veto another.
You can go in either direction.
This means now is the time to contact its office
https://t.co/4cohncrir2
Bitcoin Laws (Pitcoin_laws) April 28, 2025
Two projects – one goal
The proposal is called SB1025 and SB1373. Both aims to create a box to hold encrypted currencies, but it differs in the structure and details.
- SB1025 Short and to this point. It seeks to create a bitcoin reserve, allowing to invest up to ten percent of public funds. The reserve will only include cryptocurrencies like Bitcoin, which are not related to traditional currencies such as the US dollar.
- SB1373 Comprehensive. The strategic digital asset reserves propose to the confiscated cryptocurrency contract as well as the government’s funds. The reserve will also include Stablecoins and NFTS, with management, audit provisions and even emergency protocol.
Checks in encryption reserves
The two projects take different approaches:
SB1025 wants state funds actively to buy cryptocurrencies, and perhaps including pension funds. SB1373, on the other hand, focuses on using confiscated digital assets and adds clearer rules for governance.
Politics plays a role
Whether the Hobbes ruler will sign the bills is uncertain. Democrat has achieved the veto against many laws related to encryption in the past. While a draft law that protects bitcoin miners, she refused another one aimed at strengthening startups for encryption.
In addition, both projects of Republican Senate are considered to be the far right. Wendy Rogers (SB1025) and Mark Vinchim (SB1373) have been criticized for the spread of conspiracy theories, and claims that they are associated with relationships with the extremist group “Department Guard”. This can make Hobbes more complicated.
conclusion
Arizona can become the first state in the United States to implement an official bitcoin reserve. However, the ball is now present in the Court of Governor Katie Hobbes, and it is not clear whether it will bear the political risks.
Bitcoin’s strategic bills are now sitting on the ruler’s office in Arizona!
Tell the government. Hobbes to sign the law!
Send a message (AZ-RESIDENT): https://t.co/pcznfvhko1
Send a message (non -resident): https://t.co/3e1eo66c7 pic.twitter.com/gshdfe1drb
– Dennis Porter (Dennis_porter_)) April 30, 2025
Now it is official: the United States creates a strategic bitcoin reserve!
Now it is official: the United States creates a strategic bitcoin reserve!
