Arizona's Bitcoin Reserve Bill Moves Forward, Reaches Final Voting Stage

Arizona's efforts to integrate digital assets into the state's financial infrastructure are reaching a key milestone. On the 17th, the state legislature debated the Strategic Digital Asset Reserve Bill (SB 1373), which is now awaiting a final vote for the governor's approval. The bill proposes the creation of a "Digital Asset Strategic Reserve Fund" made up of seized digital assets and gives the state treasurer the authority to invest up to 10% of the fund.

The bill also allows the state treasurer to lend the fund's assets to generate revenue, but it must be managed within a scope that avoids financial risks. Meanwhile, Governor Katie Hobbs has proposed funding for disability services...