- Arizona House passed two bills to allow a Bitcoin or digital asset reserve for the state.
- SB1025 would let the state treasurer invest up to 10% into Bitcoin and other crypto assets.
- If signed into law, Arizona could be the first state to officially create a crypto reserve.
Lawmakers in the Arizona House of Representatives just made a big move — they passed two bills that could set the stage for the state to build a Bitcoin or crypto reserve.
On April 28, during a third reading of Senate Bill 1025 (SB1025), 31 members voted in favor while 25 voted against. SB1025 aims to tweak Arizona’s existing laws to allow for a strategic Bitcoin reserve. Another similar bill, SB1373, also passed, with a slightly stronger show of support — 37 for and 19 against — proposing the creation of a broader digital assets reserve.
Why It Matters
“This bill basically takes the approach that probably 15 other states are considering too, legislation that lets the treasurer invest up to 10% into — mainly Bitcoin, but could be other stuff too,” said State Rep. Jeff Weninger, talking about SB1025.
He added that, at least for now, it would likely be optional (“may” not “must”), but having the law ready would put Arizona ahead of the curve if the world keeps tilting toward Bitcoin and digital assets.
Arizona Could Beat Everyone to It
If either of these bills gets fully signed into law, Arizona would be closer than any other state right now to actually locking in a strategic Bitcoin or crypto reserve.
For context: New Hampshire passed a similar bill through its House earlier this month, but it still has to clear the Senate floor vote before anything’s official.
