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The Defiant 2025-02-12 21:49:16

Arizona, Utah, and Oklahoma Take the Lead in Strategic Bitcoin Reserves Legislation

Arizona, Utah, and Oklahoma Take the Lead in Strategic Bitcoin Reserves Legislation

Arizona, Utah, and most recently Oklahoma are making significant progress on bills that propose the creation of Strategic Bitcoin Reserves (SBRs), paving the way for other states to follow. On Tuesday, Oklahoma’s SBR bill passed the committee stage and is now advancing to a floor vote. Last month, Arizona’s Senate Bill 1025 also cleared committee approval and is now moving toward a full Senate vote. One day later, Utah’s proposal advanced through the House Economic Development Committee with an 8-1 vote and is now awaiting a full House vote. These recent developments align with a growing trend among U.S. states to explore cryptocurrency as part of their financial strategies. Experts say the adoption of such reserves could diversify state treasuries and set a precedent for other states looking to tap into the benefits of digital assets. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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