Arizona may become the first U.S. state to establish a strategic Bitcoin reserve, with a final legislative vote scheduled for April 28, 2025, following the Senate Finance Committee’s approval of SB1025 in January 2025, allowing up to 10% of public funds to be invested in Bitcoin.
Arizona’s potential move reflects a broader trend, as the Bitcoin Laws tracker shows 11 states have introduced similar bills by January 2025, driven by game theory dynamics where states compete to avoid being left behind in adopting cryptocurrency as a financial asset.
Despite the bill’s progress, replies to the post highlight skepticism about its success, noting that Arizona Governor Katie Hobbs may veto it, potentially due to unmet conditions like the passage of a disabilities bill, illustrating the political hurdles for cryptocurrency adoption in state governance.
