Key Takeaways
- Arizona’s Bitcoin Reserve Invoice (SB 1373) handed the Home Commerce Committee.
- The invoice would set up a Digital Belongings Strategic Reserve Fund managed by the treasurer.
- Arizona and Utah are main state-level efforts to undertake Bitcoin reserves.
The invoice, which handed alongside occasion strains with Republican assist, would enable the state treasurer’s workplace to handle a fund consisting of legislative appropriations and digital belongings collected by the state.
It additionally grants the treasurer authority to allocate as much as 10% of the fund’s whole deposits per fiscal 12 months and lend digital belongings to generate returns, supplied there isn’t any elevated monetary threat.
Arizona’s management
Arizona is among the many main states pushing for Bitcoin funding legal guidelines.
SB 1373 beforehand cleared the Senate in February with a 17-12 vote.
A separate measure, SB 1025, has additionally handed the Senate, co-sponsored by Republican Senator Wendy Rogers and Consultant Jeff Weninger.
In contrast to SB 1373, which focuses on managing seized digital belongings, SB 1025 authorizes public funds to put money into Bitcoin and different digital belongings.
State-level motion
Arizona and Utah are on the forefront of this motion, whereas 18 different states have pending Bitcoin reserve payments.
In the meantime, comparable efforts have been rejected in Montana, Wyoming, North Dakota, South Dakota, and Pennsylvania.
Affect of Presidential assist
President Donald Trump’s pro-Bitcoin stance has additional boosted assist for state-level reserves, regardless of Bitcoin’s current 17% value drop amid issues over new tariffs.
Nonetheless, the asset’s long-term trajectory stays sturdy, having surged 1,558,000% from its 2012 Saint Patrick’s Day value of $5.34 to $83,223 in 2025.