From Cointelegraph

April 17, 2025 10:14 PM:

Arizona’s Strategic Digital Assets Reserve Bill (SB 1373) passed by House, awaits governor approval. Bill seeks to establish Digital Assets Strategic Reserve Fund managed by state treasurer. Treasurer can invest up to 10% of fund in digital assets, loan assets to increase returns. Governor Hobbs may veto bill for disability funding.

Arizona leads state Bitcoin reserve race with SB 1373 alongside SB 1025. Bills allow treasury to invest 10% of funds in Bitcoin. SB 1025 passed House Committee, awaiting full floor vote. Utah scrapped Bitcoin reserve provision, Texas Senate passed Bitcoin reserve bill, New Hampshire advancing similar bill.

Source: https://x.com/Bitcoin_Laws/status/1912975074996675067

Read more at CoinTelegraph: Arizona crypto reserve bill passes House committee, heads to third reading