From Cointelegraph
April 28, 2025 5:14:00 PM:

Arizona House of Representatives approves two bills allowing the state to establish a Bitcoin reserve. SB1025 and SB1373 passed with lawmakers in favor. The bills aim to allocate up to 10% of funds into Bitcoin or other cryptocurrencies. Governor Katie Hobbs previously expressed concerns but may now consider signing the bills into law.

Arizona’s approval of Bitcoin reserve bills makes it the closest to implementing such a reserve in the US. New Hampshire has also made progress with similar legislation passing the state’s House. The bills signal a growing trend towards cryptocurrency adoption at the state level in the US.

Governor Katie Hobbs announced intentions to veto bills without a healthcare funding solution. The passage of cryptocurrency reserve legislation may change her stance. The bills could potentially pave the way for Arizona to establish a strategic Bitcoin reserve. Stay tuned for updates as the story develops.

Read more at Cointelegraph: Arizona legislature moves forward with Bitcoin reserve bills