Arizona Crypto Reserve Bill could soon go to the Governor’s office

One of the Crypto reserve bills of Arizona is a successful vote to head to the Governor’s office for final approval after its adoption in the House.

The Strategic Bill on the Reserve of Digital Assets of the State (SB1373) was approved by the Committee of the Chamber of the Ensemble on April 17. There will now be a third reading of the bill before a final vote.

The Governor of Arizona could present the Crypto Reserve Bill approved by the Senate

SB1373 seeks to create a fund made up of digital assets which have been seized by criminal procedure.

Arizona update:

Bitcoin Reserve Bill SB 1373 was adopted by the Committee of the Chamber of the Ensemble (with a minor amendment).

The next step is the third reading and the last vote on the ground. pic.twitter.com/ooahjbzat

– Bitcoin Laws (@bitcoin_laws) April 17, 2025

The Arizona treasurer would then be authorized to invest up to 10% of the total assets of the fund during any financial year. The state treasurer would also be able to lend the fund’s assets to generate more yields, provided that loans do not include increased risk.

Although the bill may have received the approval of the Senate, the Governor of Arizona, Katie Hobbs, recently undertook to oppose his veto to all bills until the Legislative Assembly adopts a bill on the financing of disability. This could mean that Hobbs, who has already Oppose his veto to 15 invoices Sent to his office this week alone, could oppose his veto to SB1372.

Arizona Bitcoin only is also waiting for a full floor on the ground

Alongside SB1373, the Arizona Strategic Reserve Act (SB1025), which only includes BTC and has already been transmitted through the state legislature.

The SB1025 proposes that the Treasury and the Treasury and the State of Arizona state system is authorized to invest up to 10% of the funds available in Bitcoin. Similar to SB1373, SB1025 is now waiting for a full vote after going through the Arizona Chamber Committee on April 1.

Other American states are also in the race To establish a Bitcoin reserve. Utah adopted Bitcoin’s legislation on March 7. However, the provision was abandoned in the final reading.

Meanwhile, the Texas Senate adopted a Bitcoin reserve Bill on March 6. A similar bill was also adopted in the Maison du New Hampshire.

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