Arizona’s Crypto Bill: Is Bitcoin the New State Investment Strategy? 🤔

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Well, well, well. Arizona might just be on the brink of becoming the first state in the good ol’ U.S. of A. to officially adopt cryptocurrency into its grand investment strategy. Yes, you heard that right, folks—crash helmets on, because we’re diving headfirst into the world of digital coins. 🪙

The state legislature has passed not one, but two bills recently. And, if Governor Katie Hobbs doesn’t hit the veto button with the force of a thousand angry social media influencers, Arizona could soon be at the forefront of Bitcoin adoption at the state level. Because, naturally, what better way to invest taxpayer money than in something as volatile as, well, the weather in Arizona? 🌵

Senate Bill 1025, also known as the *Arizona Strategic Bitcoin Reserve Act* (catchy, huh?), passed the Arizona House of Representatives on Monday by a vote of 31-25-4. This little nugget of legislation would allow the state to throw up to 10% of public funds (think: state pensions, treasure chests, your neighbor’s retirement savings, etc.) into the wild world of Bitcoin. After all, who doesn’t want a little bit of that sweet, unpredictable cryptocurrency action? 🤑

But wait, there’s more! SB1373, also known as “The Companion Bill That Won’t Be Left Out of the Party,” was approved by the House with a 37-19-4 vote. This bill is a bit more ambitious. It creates a *Digital Asset Strategic Reserve Fund*—you know, just in case the state feels like stockpiling a few cryptos, stablecoins, or even NFTs, just for funsies. It’s like the state’s official digital junk drawer. Oh, and they’re also storing digital assets seized from criminal cases. Because, apparently, crime can pay off… sometimes. 💻💰

Both bills made it through the state Senate in February, and now they’re waiting for the big finale—Governor Hobbs’ signature (or not). No changes have been made, so this is essentially a done deal if she decides to sign. In case you didn’t catch that, it’s now in her hands to either approve the future of crypto investment or send it into the abyss of “almost-but-not-quite” legislation. ⏳

“It’s shameful that a few, extreme Republican legislators are holding funding for Arizonans with disabilities hostage to their political theater. Business as usual cannot continue until Arizonans with developmental disabilities and their caregivers have the certainty they need.”

— Governor Katie Hobbs (@GovernorHobbs) April 17, 2025

So, what does this all mean? Well, SB1025 could help Arizona’s state coffers get a little Bitcoin boost, and SB1373 guarantees that the state’s digital assets are properly stored (maybe in a nice, cozy cloud somewhere). The ultimate question now is: Will Governor Hobbs approve the bill, or will Arizona continue its trek into the uncharted digital future? 🤷‍♀️ Only time will tell, folks.

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2025-04-29 13:11