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One of Arizona’s password reservation claims is a vote that succeeded in heading to the Governor’s desk for final approval after passing the House of Representatives.
State Government Strategic Digital Asset Reservation Act (SB1373) approval April 17 by the House of Representatives. Now there will be the third reading of the bill before the final voting.
The Arizona Governor can reset the password protection area Bill approved by the Senate.
SB1373 is trying to create a fund consisting of digital assets seized through a criminal lawsuit.
Arizona Update:
Bitcoin Reserve Bill SB 1373 was passed by the House of Representatives (minor modifications).
The next step is the third reading and final layer voting. pic.twitter.com/ooahjbzatr
-Bitcoin method (@bitcoin_laws) April 17, 2025
Then Arizona’s finance can invest up to 10%of its total assets in fiscal year. If the risk does not increase in loans, the state finance will also be able to borrow the assets of the fund to generate more profits.
The bill may have been approved by the Senate, but Arizona Governor Katie Hobbs recently promised to reject all legislation until the legislature passed the bill for the procurement of disability funds. This can mean that Hobbs already has Rejected 15 bills I sent it to her desk only this week.
Arizona Bitcoin -only bills are also waiting for the overall voting.
Along with the SB1373, there is an Arizona’s strategic Bitcoin Preliminary Law (SB1025), which included BTC and already passed the state council.
SB1025 suggests that the Arizona Treasury and State retirement system can invest up to 10%of the available funds in Bitcoin. Like SB1373, SB1025 is waiting for the entire layer after passing through the entire Arizona on April 1.
There are other US states race Establish a Bitcoin protection zone. Utah passed the Bitcoin Act on March 7, but the provision was abandoned in the final reading.
Meanwhile, Senate Texas Bitcoin Protection Zone March 6 Bill. Recently, a similar bill has passed New Hampshire’s house.
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