Arizona’s Senate Bill 1373, aiming to create a Strategic Digital Assets Reserve Fund with up to 10% investment in digital assets like Bitcoin, is one House floor vote away from reaching Governor Katie Hobbs’ desk. Governor Hobbs has imposed a moratorium on signing new legislation until a funding shortfall for developmental disabilities services is resolved, increasing the likelihood of a veto for SB 1373. The bill proposes using seized digital assets for the reserve, managed by the state treasurer, to modernize Arizona’s financial strategy amid growing state-level interest in cryptocurrency reserves.
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