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One of the bills in Arizona is one of the successful votes away from going to the ruler’s office for final approval after it was approved by the House of Representatives.
The state of strategic digital assets reserves in the state (SB1373) was consent By the Parliament Committee on April 17. There will now be a third reading of the draft law before the last floor is voted.
The governor of Arizona may restore a draft of the Senate coding reserve
SB1373 seeks to create a box consisting of digital assets seized through criminal procedures.
Arizona update:
Bitcoin Reserve SB 1373 has been approved by the House of Representatives Committee (with a simple amendment).
The next step is the third reading and voting on the final floor. pic.twitter.com/ooahjbzatr
Bitcoin Laws (Pitcoin_laws) April 17, 2025
The Terminal of Arizona treasurer will be allowed to invest up to 10 % of the total assets of the fund in any fiscal year. The state treasurer will also be able to approve the fund’s assets to generate more revenues, provided that loans do not come with increased risk.
While the draft law obtained the approval of the Senate, the governor of the state of Arizona Katie Hobbes recently pledged to arrest all bills until the legislative body practiced a draft law to finance disability. This may mean that Hobbes, who already has Cassing against 15 bills She was sent to her office this week alone, cassation (SB1372).
Arizona Bitcoin’s Bill only awaits full voting
Besides SB1373 Strategic Bitcoin Reserve Law in Arizona (SB1025), which only includes BTC and has already passed through the state legislature.
SB1025 suggests that the Treasury and State Department retirement system allows them to invest up to 10 % of the funds available in Bitcoin. Like SB1373, SB1025 is now awaiting a full vote after passing through the Parliament Committee in Arizona on April 1.
Other American countries are also in race To create Bitcoin reserves. Uta approved Bitcoin Legislation on March 7. However, the judgment was canceled in the final reading.
Meanwhile, the Senate in Texas A passed Bitcoin Reserve Bell on March 6. A similar bill has been passed recently across the New Hampshire home.
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