The Arizona State Senate will approve the strategic bitcoin preliminary bill

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Arizona Congressman has made a bill to allow public funds to invest in bitcoin and other digital assets.

According to the SB1025 co -sponsored by Wendy Rogers and Jeff Weninger, or a proposed law known as the “Arizona Strategic Bitcoin Reserve Law”, the state is up to 10 % of public funds, including those owned by the state accounting and retirement system. Can be invested. With virtual currency like bitcoin.

In this bill, if the Ministry of Finance has established a strategic bitcoin reserve for government ownership, to save digital assets in a potential federal strategic Bitcoin protection area. It also includes the provisions.

The U.S. Senate confirmed Scott Bessent as the Finance Secretary on Monday with the support of the bipartisan, with 68-29 voting. As a supporter of Trump's economic policy, Bessent opposes the digital currency of the central bank and is regarded as Probit Coin.

After passing the Finance Committee, Arizona's Bitcoin Reserve Code will move to the Senate Regulations Committee, which sets up the floor discussion and correction parameters. If it is approved by the Senate as a whole, this measure will proceed to the lower house.

Alizona is the first state that, according to Dennis Porter, a co -co -founder of Satosius Fund, has a bill that focuses on the creation of a bitcoin reserve pass through the legislative committee.

If this bill becomes a law, Arizona will be the first state of officially investing public funds in Bitcoin.

As of January 27, according to the porter, 11 states have introduced each Bitcoin preliminary bill. He pointed out in another post that at least 15 states and 16 states have introduced bitcoin preliminary bills.

You can see that at least 15 states will introduce the “Strategic Bitcoin Reserve” law. Maybe 16.

As a reminder, this number was zero just three months ago.

-Dennis porter (@dennis_porter_) January 26, 2025

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