@ooof
The Arizona State Legislature passed the Strategic Bitcoin Reserve Act SB 1025, authorizing the state finance department and pension system to invest up to 10% of available funds in digital assets such as Bitcoin.
Another Bitcoin reserve bill in the state, SB 1373, was also passed by the House of Representatives. The proposal proposes the establishment of a digital asset strategic reserve fund managed by the state treasurer. The funding sources include seized assets and legislative appropriations. Up to 10% can be invested in digital assets such as BTC each fiscal year, and loans can be made without increasing risk.
Both proposals have now been submitted to the governor for signature. The only problem may be that Governor Katie Hobbs is a Democrat, but the probability of him refusing to sign is unlikely.
https://farcaster.xyz/cervix/0x70c2bbb7
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