Arizonian dream. While President Trump promised to create a national bitcoin reserves, the US states are taking leadership and preparing their own laws to buy BTC. This is, for example, the case of TexasUtah or Arizona that interests us today. This state in the southwest of the United States is about to vote on the Act to create a strategic reserve in bitcoins and cryptocurrencies, and there is only one vote for the text to be sent to the governor. The direction of Phoenix to evaluate this file.
- Arizona is about to vote on the law to create a strategic reserve in bitcoins and cryptomonna and wait for the final vote before the governor’s approval.
- Bill SB 1373, approved by the House of Representatives, could be delayed by Governor Katie Hobbs, known for many recent vetos.
Bill SB 1373 approved by the House of Representatives in Arizona
The Bill SB 1373 was approved on April 17th Arizona’s room room And there is only one vote for the vote to be sent to the Governor for Approval. This text suggests creating a strategic digital reservation funddigital active confiscated within the criminal authorities and which would manage the treasurer of the state.
The latter would be entitled to invest until 10 % Total money money in digital assets every fiscal year and could also borrow their assets of the fund to increase revenues, provided that it does not increase Financial risks.
However, this law could be postponed by a governor Katie Hobbswho recently promised to place your veto on all accounts until the legislature has adopted a bill on the financing of disabled people. And she does not hesitate, because she is the veto of history in the accounts in front of a well -provided chamber and that already in this single week against 15 laws.
Julian Fahrer, founder Bitcoin laws And the CEO of Apollo, said the press that he expected that SB 1373 was Received by the chamberAlthough this can be merge with another account associated with cryptocurrencies such as SB 1062 aimed at expanding the definition Currency Include cryptos.
All that is missing
The Sb 1373 was adopted by the Arizona legislator in parallel with the law Bitcoin strategic reserve the same condition (SB 1025), which only applies to bitcoins. This law proposes to allow the treasurer of the Arizona and the state pension system to invest until 10 % of the available means in bitcoins. SB 1025 was also approved by the committee of the whole house in Arizona 1. April and awaits a full vote.
In addition Bitcoin legislation He progresses in several American states. L ‘Utah They adopted the Bitcoins Act 7 March, but deleted the key disposition of the established bitcoin reservation during the final reading. Senate Texas 6 March adopted the Bitcoin Reserve Act, while a similar bill was recently adopted by the Chamber New Hampshire. AlthoughArizona The greatest progress has made Julian Fahrer think that the Texas law is most likely to be signed by law and notes that it has so far encountered at least explicit obstacles.
Arizona is therefore going to create a state reserve in bitcoins and cryptocurrency, and can be the first US state to do so. But Governor Katie Hobbs can give well its veto to this account as she has done in the past In Texas take the lead in the race.