Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Arizona House Passes Two BTC Reserve Bills
2025-04-29 00:08:06

Odaily News The Arizona House of Representatives recently passed two BTC reserve-related bills, SB 1025 and SB 1373, which have been submitted to Governor Katie Hobbs for signature. SB 1373 proposes the establishment of a digital asset strategic reserve fund managed by the state treasurer, with funding sources including seized assets and legislative appropriations. Up to 10% of each fiscal year can be invested in digital assets such as BTC, and loans can be made without increasing risks. SB 1025 allows the state's fiscal and pension systems to invest up to 10% of available funds in virtual currencies, with a focus on BTC.