The Arizona House of Representatives passes a Bitcoin reserve bill, advancing the establishment of cryptocurrency reserves

2025-04-29 07:59:02

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ChainCatcher news, the Arizona House of Representatives has passed two bills that may allow the state to establish reserves in Bitcoin or other cryptocurrencies.

In the third reading of Senate Bill 1025 (SB1025) on April 28, 31 lawmakers voted in favor, while 25 opposed. Another similar bill, SB1373, passed with 37 votes in favor and 19 against. These approvals bring these bills closer to being signed into law than similar initiatives in any other state in the U.S.

Meanwhile, President Trump signed an executive order in March proposing the establishment of a "strategic Bitcoin reserve" and "digital asset reserves."

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