The Arizona Strategic Digital Assets Reserve Bill (SB 1373) was approved by the House Committee on April 17 and is nearing final approval. It aims to create a reserve fund for seized digital assets, with up to 10% allocated for investments in digital currencies.
Despite the advancements, Governor Katie Hobbs may veto the bill due to her opposition to certain bipartisan legislation. SB 1373 is part of a larger movement within states to establish Bitcoin reserves, showcasing the state’s intent to integrate cryptocurrencies into public finance.
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