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BitcoinSistemi 2025-01-28 10:43:07

Very Positive Legislative News for Bitcoin (BTC) Came From One of the Largest States in the US! "It Became the First US State!"

Very Positive Legislative News for Bitcoin (BTC) Came From One of the Largest States in the US! "It Became the First US State!"

While the United States continues to work on a national Bitcoin (BTC) reserve, one of the US states, Arizona, has made progress towards establishing its own Bitcoin-focused reserve. The Arizona Senate Finance Committee passed the Strategic Bitcoin Reserve Act (SB1025), which allows up to 10% of public funds to be invested in virtual currencies like Bitcoin. Satoshi Fund founder Dennis Porter stated that Arizona has become the first state in the country to pass a bill to create a 'Strategic Bitcoin Reserve'. Arizona's bill will soon come to a floor vote in the Senate and, if approved by the full Senate, will be forwarded to the House of Representatives for debate. The initiative, backed by Arizona lawmakers Wendy Rogers and Jeff Weninger, aims to secure Bitcoin as a government reserve asset. The bill (SB 1025) allows the state to invest up to 10% of public funds in cryptocurrencies and also includes provisions for digital assets to be stored in a Federal Strategic Reserve if the U.S. Treasury Department decides to create such a reserve under President Donald Trump. BIG BREAKING: I can confirm that Arizona has become the 1st state in the nation to pass out of committee a bill to create a 'Strategic Bitcoin Reserve'. The bill will soon move to a floor vote in the Senate. Congrats to co-sponsors @WendyRogersAZ and @JeffWeninger for their… pic.twitter.com/nUjt5HccbZ — Dennis Porter (@Dennis_Porter_) January 27, 2025 *This is not investment advice. Continue Reading: Very Positive Legislative News for Bitcoin (BTC) Came From One of the Largest States in the US! "It Became the First US State!"

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