Arizona House Passes Bitcoin Reserve Bill, Advances Establishment of Cryptocurrency Reserve
According to Jinse, the Arizona House has passed two bills that could allow the state to establish reserves in Bitcoin or other cryptocurrencies. In the third reading of Senate Bill 1025 (SB1025) on April 28, 31 lawmakers voted in favor and 25 against. Another similar bill, SB1373, passed with 37 votes in favor and 19 against. These approvals bring these bills closer to becoming law than any similar initiatives in other U.S. states. Meanwhile, President Trump signed an executive order in March proposing the establishment of a "Strategic Bitcoin Reserve" and a "Digital Asset Reserve."
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