On April 28, 2025, Arizona’s House of Representatives passed Senate Bill 1025 with a 31-25 vote, aiming to establish a Bitcoin reserve by allowing up to 10% of state-managed assets to be invested in digital currencies, now awaiting Governor Katie Hobbs’ signature.
The bill, sponsored by Republican Senator Wendy Rogers, marks Arizona as the first U.S. state to potentially integrate Bitcoin into its fiscal strategy, reflecting a growing trend among states like Texas and Florida to explore cryptocurrency for public finance.
Despite the legislative success, Governor Hobbs’ recent veto threats over budget disputes cast uncertainty on the bill’s fate, with Bitcoin trading near $95K amid heightened institutional interest following the vote.
