Arizona Senate Advances Bitcoin Reserve Bill

Arizona Senate Advances Bitcoin Reserve Bill

The "Arizona Strategic Bitcoin Reserve Act" (SB1025) was passed by the state Senate Finance Committee on January 27 by a vote of 5-2, marking a major step in Arizona's adoption of Bitcoin. Senators Wendy Rogers and Jeff Weninger are co-sponsors of the bill, which would let the state to invest up to 10% of public funds, including those under the control of the state treasurer and retirement systems, in Bitcoin and other digital assets. Th...

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