Arizona’s Senate Finance Committee has taken the first step towards allowing the state to invest in cryptocurrencies, such as Bitcoin. The committee voted 5 to 2 in favor of the Arizona Strategic Bitcoin Reserve Act ( SB 1025 ). This bill aims to create a state-managed Bitcoin reserve and allows the state to invest up to 10% of public funds in digital assets. Arizona to Integrate Bitcoin into Public Finance Intriguingly, the new bill from Senator Wendy Rogers and Representative Jeff Weninger could change how Arizona manages public funds. Meanwhile, this bill would allow the state to invest in Bitcoin and other cryptocurrencies if approved. Likewise, Arizona’s government can invest up to 10% of its public funds in Bitcoin and other digital currencies. According to the proposed rule, public funds include the state treasurer or a retirement system. The goal is to build a reserve that can grow in value over time, reflecting the rising interest in cryptocurrencies as an investment. It is worth noting that the bill has received initial approval and will now go to the Senate Rules Committee, followed by a review in the House of Representatives for more discussion. If the bill ultimately passes, Arizona will join a select group of states taking proactive steps toward integrating cryptocurrencies into public finance. Not only would this make Arizona one of the first to require state funds to invest in Bitcoin, but it also signals a broader acceptance of digital assets as part of traditional financial portfolios. States Eye Strategic Bitcoin Reserves New Hampshire and North Dakota introduced legislation establishing strategic cryptocurrency reserves earlier this month. With 11 sponsors already on board, the North Dakota proposal has strong bipartisan support. These states joined Pennsylvania, which introduced similar legislation in November 2024. Wyoming also proposed a new bill to establish a strategic BTC reserve . If passed, the bill would authorize Wyoming to invest a portion of its state funds in Bitcoin, reinforcing its reputation as a pioneer in financial innovation. Meanwhile, the push for state-level Bitcoin reserves coincides with speculation about the Donald Trump administration’s plans to establish a national reserve . It is worth noting that betting platforms Kalshi and Polymarket have seen a surge in odds favoring the move, amplifying interest in state initiatives. Trump’s Crypto Vision Fuels Momentum The push for state-level Bitcoin reserves has also gained traction against Trump’s backdrop pro-crypto campaign promises . Throughout his presidential bid, Trump vowed to position the U.S. as a global leader in cryptocurrency and even hinted at directing the Treasury Department to amass significant Bitcoin reserves. However, skepticism persists. Galaxy Digital founder Mike Novogratz and other observers caution against high expectations, arguing that creating national Bitcoin reserves may face considerable regulatory and logistical challenges. The post Arizona Takes First Step Toward Public Bitcoin Investment appeared first on TheCoinrise.com .
