• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Arizona Emerges as Second State with Bitcoin Reserve Bill

user avatar

by Giorgi Kostiuk

a year ago

Arizona's Senate has approved two bills aiming to establish a reserve fund containing digital assets, including Bitcoin.

Bill Advancement

The Digital Assets Reserve Bill (SB 1373) was passed on its third reading by the Arizona Senate with a vote of 17 for and 12 against. It now moves to the state's House for consideration.

Bill Details

Sponsored by Republican Senator Mark Finchem, the bill would create a 'Digital Assets Strategic Reserve Fund,' managed by the state treasurer. The treasurer may invest no more than 10% of the total fund deposits each fiscal year and may use digital assets for returns without increasing financial risks to the state.

Support and Opposition

Satoshi Action Fund founder, Dennis Porter, commented, '[Whether] you like it or not, legislation will happen at the federal level in this order: Stablecoins, Market Structure, and Strategic Bitcoin Reserve.'

Whether you like it or not, legislation will happen at the federal level in this order: Stablecoins, Market Structure, and Strategic Bitcoin Reserve.Dennis Porter

Arizona and Utah are in the final stages of approving crypto reserve bills, while similar proposals have been rejected in several other states.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ethereum's Account Abstraction to Enhance Privacy Protocols

chest

Vitalik Buterin discussed how account abstraction will improve privacy protocols through innovative strategies.

user avatarGustavo Mendoza

Vitalik Buterin Updates on Ethereum Account Abstraction Plans

chest

Ethereum founder Vitalik Buterin provided an update on account abstraction plans, indicating a potential launch within a year under the Hegota upgrade, allowing users to automate payments and pay gas fees in various tokens.

user avatarRajesh Kumar

VeChain VET Price Prediction: Potential Recovery Amid Market Conditions

chest

Analysts predict that VeChain VET may see a price recovery if global tensions ease and the economy improves.

user avatarMiguel Rodriguez

American Bitcoin Faces $59.45 Million Loss Amid Market Uncertainty

chest

American Bitcoin reported a significant loss of $59.45 million for Q4 2025, despite mining efficiencies.

user avatarLuis Flores

American Bitcoin to Boost Mining Capacity with New Rigs

chest

American Bitcoin plans to enhance its mining capacity by purchasing over 11,000 new rigs, increasing its total fleet to 89,242 miners.

user avatarArif Mukhtar

Asian Markets Plunge Amid Escalating Middle East Conflict

chest

The ongoing conflict in the Middle East has led to significant declines in Asian stock markets, with Japan's Nikkei suffering the largest drop.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.