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Arizona Moving To Convert Up to 10% Of Its Treasury To Bitcoin: Legislature Clears Bills Paving Way For Strategic Crypto Reserve
- On Monday, the Arizona legislature passed two bills that could allow the state to invest up to 10% of its funds in Bitcoin or other digital currencies.
- The bills, sponsored mainly by Republicans, follow President Trump’s March executive order establishing a federal Strategic Bitcoin Reserve, reflecting a broader cryptocurrency trend.
- The legislation passed largely on party lines with most Democrats opposing, and now awaits Democratic Governor Katie Hobbs’ decision to sign or veto the bills.
- Senate Bill 1025, passed 31-25 with three Democrats voting yes, would create Arizona’s Bitcoin reserve investing up to 10% of public funds, potentially first in the nation if signed.
- If approved, Arizona would lead U.S. States in establishing a cryptocurrency reserve, but Hobbs’ past vetoes and concerns about cryptocurrency volatility introduce uncertainty about the bills’ fate.
55 Articles
55 Articles
Colorado Springs Gazette
DailyTruthReportArizona push to create first-ever state Bitcoin reserve heads to Katie Hobbs’s desk
Arizona is one step closer to creating the first-ever state Bitcoin reserve, but it will only be completed if Gov. Katie Hobbs (D-AZ) gives final approval. The Republican-led state House and Senate passed a pair of bills, Senate Bill 1025…
Will Arizona Become the First State to Join Feds in Planning a Bitcoin (BTC) Reserve?
Arizona has broken new ground in what's been a race among U.S. states to see which may become first to set up a crypto reserve as a formal part of their fiscal strategy, getting legislation approved with mostly Republican lawmakers in support.It's unclear whether Governor Katie Hobbs, a Democrat, will look favorably on the legislation that was rejected by most Democratic lawmakers. She has vetoed a long list of bills in this session, and if she …
Ohio Capital Journal
Scioto PostOhioans may soon be able to pay fees, taxes with cryptocurrency like Bitcoin
(Photo illustration by Namthip Muanthongthae / Getty Images)COLUMBUS, Ohio — Ohioans are getting closer to being able to pay their taxes in cryptocurrency. A new GOP proposal lays the groundwork for digital tokens to become more mainstream. With the stock market’s volatility, investment experts suggest diversifying your portfolio. Ohio politicians are trying to give more incentives for that, too. “We are authorizing the use of cryptocurrency as …
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