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Arizona has passed a bill to establish a strategic Bitcoin reserve
- Arizona has become the first state to pass a bill establishing a strategic Bitcoin reserve.
- The project will soon be put to a vote in the Senate, stated the CEO of Satoshi Action Fund.
Arizona has approved a bill to establish a strategic Bitcoin reserve, making it the first region where such a proposal has been adopted by a committee. This was announced by Dennis Porter, CEO of the nonprofit organization Satoshi Action Fund (SAF).
He added that the bill will soon be brought to a Senate vote and congratulated its co-authors, Wendy Rogers and Jeff Weninger.
In March 2024, it was revealed that the Arizona legislature would consider a resolution to include shares of spot Bitcoin ETFs in pension plans.
Previously, 11 U.S. states introduced bills to establish Bitcoin reserves. Additionally, Fred Thiel, CEO of mining company MARA Holdings, stated that the firm is focused on creating strategic Bitcoin reserves across all 50 states and the federal government.
Furthermore, on January 23, 2025, U.S. President Donald Trump signed an executive order aimed at strengthening American leadership in digital financial technologies. The order includes the creation of a task force to assess the potential for forming a national crypto-asset reserve.
You can also explore all of Trump’s cryptocurrency-related promises in this article.
