Arizona Senate passes bill allowing state treasury to invest in Bitcoin. Similar bills being reviewed in 18 states.
Arizona’s Senate approved the Bitcoin Strategic Reserve Bill (SB 1025) with a 17-11 vote, sending it to the House of Representatives. The bill, introduced by Senator Wendy Rogers and Representative Jeff Weninger, allows the state treasury to invest up to 10% of public resources in digital currencies like Bitcoin (BTC). Arizona becomes the second U.S. state after Utah to advance such a bill towards legislation. Reports indicate similar bills are under review in 18 other states, although five states including Montana and Wyoming have rejected similar proposals.
