Arizona leads Bitcoin reserve push as two bills clear House Committee

Arizona has erased its two Bitcoin reserve bills through the Chamber Rules Committee, putting the State on the right track to become the first to establish a reserve of strategic digital assets.

After a voting session on March 24, the bills were sent by the Rules Committee of the Arizona Chamber and are now heading to the Full Chamber for a vote.

The two proposals – SB 1373 and SB 1025 – both seek to establish digital asset reserves but differ in their sources of orientation and financing.

SB 1373The strategic bill on the reserve of digital assets, would allow the treasurer of the State to manage a fund made up of confiscated digital assets. Up to 10% of the value of the fund could be invested each year, with the possibility of lending assets as long as it does not increase the risks.

SB 1025The Arizona Strategic Bitcoin Reserve Act, target specifically Bitcoin. It would allow the Treasury and State Retirement System to invest up to 10% of the funds available in Bitcoin. The bill also includes a provision to store Bitcoin in a secure and separate federal reserve account.

If the bills aim for the full vote on the soil of the Chamber, they will go to the Democratic Governor Katie Hobbs, whose approval remains the last obstacle.

According to a March 25 x post According to Bitcoin’s laws on X, the Bills have a decent blow to pass to the House due to the Republican majority but could face challenges in the Governor’s office.

In particular, Hobbs is known to oppose its veto to the legislation led by the Republicans and rejected 22% of bills in 2024 – the highest rate of all American governors.

As of March 25, the data from Bitcoin laws show that Arizona runs the race to establish a Bitcoin reserve supported by the State, followed closely by Oklahoma and Texas.

The Texas Senate approved SB-21, his Bitcoin reserve strategic bill, during a vote of March 25 to 5. The bill is now moving to the State House for examination, followed by the Governor’s office if it is adopted.

However, a few days later, the Democratic representative Ron Reynolds introduces a separate proposition To cap the size of the reserve to $ 250 million in order to limit the extent of the Bitcoin holds of the state.

Meanwhile, on March 25, the Oklahoma House pass its reserve reserve bitcoin (HB1203) with strong support in a vote from 77 to 15. The bill is now moving to the State Senate for a more in -depth examination.