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<div class="intro-text">Arizona is moving closer to becoming the first state to establish a strategic digital asset reserve after both of its Bitcoin reserve bills cleared the House Rules Committee. </div>The two proposals, <a href="https://www.azleg.gov/legtext/57leg/1R/bills/SB1373P.pdf" rel="noopener noreferrer nofollow">SB 1373</a> and <a href="https://www.azleg.gov/legtext/57leg/1R/bills/SB1025P.pdf" rel="noopener noreferrer nofollow">SB 1025</a>, share the common goal of creating digital asset reserves but differ in their objectives and funding structures.SB 1373, known as the Strategic Digital Assets Reserve Bill, would authorize the state treasurer to manage a fund composed of confiscated digital assets. Under this bill, up to 10% of the fund’s value could be invested annually, with provisions allowing the issuance of loans as long as financial risks remain controlled. Meanwhile, SB 1025, the Arizona Strategic Bitcoin Reserve Act, focuses exclusively on Bitcoin. It would permit the state treasury and retirement system to allocate up to 10% of available funds to Bitcoin while requiring that the asset be securely stored in a segregated federal reserve account.If these bills pass the full House vote, they will proceed to Governor Katie Hobbs for final approval, marking the last stage of the legislative process. However, their fate remains uncertain.<a href="https://x.com/oklahomabtc/status/1904296761465679874?t=KvEdRJpXm7bxzGZ2BRm4dw&amp;s=19" rel="noopener noreferrer nofollow">According to a March 25 post by Bitcoin Laws on X,</a> the bills stand a strong chance of passing in the House due to the Republican majority but may face resistance at the governor’s desk. Governor Hobbs has a history of <a href="https://www.phoenixnewtimes.com/news/every-bill-arizona-governor-katie-hobbs-vetoed-in-2024-and-why-18412014" rel="noopener noreferrer nofollow">vetoing Republican-led bills</a> and has already rejected 22% of legislation in 2024—the highest rate of any U.S. governor.<blockquote class="twitter-tweet"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley"> State Reserve Race Update:Arizona’s House Rules Committee passed both Bitcoin Reserve Bills (SB1373 and SB1025), ruling them “constitutional and in proper form.”The bills have now passed their assigned committees, meaning they should be headed for a full floor vote. <a href="https://t.co/suuxXCifP3" rel="noopener noreferrer nofollow">pic.twitter.com/suuxXCifP3</a>— Bitcoin Laws (@Bitcoin_Laws) <a href="https://twitter.com/Bitcoin_Laws/status/1904291511812153805?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 24, 2025</a></blockquote>Despite potential challenges, Arizona remains at the forefront of the push for a state-backed Bitcoin reserve<a href="https://x.com/oklahomabtc/status/1904296761465679874?t=KvEdRJpXm7bxzGZ2BRm4dw&amp;s=19" rel="noopener noreferrer nofollow">. Data from Bitcoin Laws</a>, as of March 25, positions Arizona as the leader in this effort, with Oklahoma and Texas trailing closely behind.Meanwhile, other states are making progress on similar initiatives. On March 25, <a href="https://x.com/oklahomabtc/status/1904296761465679874?t=KvEdRJpXm7bxzGZ2BRm4dw&amp;s=19" rel="noopener noreferrer nofollow">Oklahoma’s House approved its Bitcoin Reserve Bill (HB1203) with a strong 77–15 vote</a>, advancing it to the state Senate for further deliberation.&nbsp;<blockquote class="twitter-tweet">HB 1203 Bitcoin Strategic Reserve has passed the House in Oklahoma 77-15! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f973.png" alt="🥳" class="wp-smiley"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f942.png" alt="🥂" class="wp-smiley">Huge congratulations to Rep. Cody Maynard, next stop Senate! <a href="https://t.co/IYrWCZFlcf" rel="noopener noreferrer nofollow">pic.twitter.com/IYrWCZFlcf</a>— Oklahoma Bitcoin Association (@oklahomabtc) <a href="https://twitter.com/oklahomabtc/status/1904296761465679874?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 24, 2025</a></blockquote>Texas is also <a href="https://defi-planet.com/2025/02/texas-lawmakers-push-forward-strategic-bitcoin-reserve-bill-with-key-changes/" rel="noopener noreferrer nofollow">revisiting its Bitcoin reserve proposal with a revised approach. Senate Bill 21 (SB 21),</a> filed on February 12 by state Senator Charles Schwertner, refines an earlier proposal by broadening investment options beyond Bitcoin and granting financial experts more control over reserve management. This move signals Texas’ commitment to adapting its digital asset strategy for long-term financial sustainability.&nbsp;If you want to read more news articles like this, visit <a href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a> and follow us on <a href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>, <a href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>, <a href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, and <a href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community.</a>“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”The post <a href="https://defi-planet.com/2025/03/arizonas-crypto-reserve-bills-advance-to-full-house-vote/" rel="noopener noreferrer nofollow">Arizona’s Crypto Reserve Bills Advance to Full House Vote</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

Arizona’s Crypto Reserve Bills Advance to Full House Vote

DeFi Planet

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