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Two bills that allow the US to invest in digital assets have cleared both legislative rooms and are currently awaiting Gov. Katy Hobbs’ decision.
Senate Bill 1025, the Arizona Strategic Bitcoin Preparation Act, and Senate Bill 1373, which establishes the Digital Asset Strategic Reserve Fund, allow state treasurers and retirement plans to invest up to 10% of the funds available in Bitcoin and other cryptocurrencies.
The move will make Arizona the first state in the House and Senate to pass such laws. Votes were passed on April 28th, between 31 and 25 and 37-19 respectively. On March 24, two bills cleared the state House Rules Committee.
Arizona has become the first state in the country to pass strategic Bitcoin Reserve Acts in the House and Senate.
On the Governor’s desk! pic.twitter.com/gltbdntkpq
– Dennis Porter (@dennis_porter_) April 28, 2025
To Governor Hobbs
Supporters, including co-sponsor Jeff Wehning, have argued that the law will diversify Arizona’s reserves, divide hedges against inflation, and position the nation at the forefront of financial innovation.
But Gov. Hobbs has not put her position on the bill and has recently pledged to reject all laws until the state settles a budgetary stalemate, according to reports.
If Hobbs rejects the Bitcoin Reserve Act, the issue will be closed annually and suggests there will be no chance of overriding or rethinking until the next legislative meeting in 2026.
“The bill that is not yet on my desk will be rejected until there is a serious bipartisan funding solution protecting health care for Arizonans with disabilities,” she said on X on April 17th.
SB 1025 focuses on Bitcoin investment in particular and includes provisions securing BTC accumulated in segregated accounts within potential federal Bitcoin reserves.
SB 1373 aims to create a Ministry of Finance Management Reserve Fund, consisting of crypto assets seized during criminal investigations. It also adds an additional provision that the fund will be limited to 10% and that assets may be loaned to strengthen returns.
What is Arizona’s Bitcoin Reserve now?
Both reserve bills must be signed by Governor Hobbs.
Last week, Hobbs signed one bill related to digital assets and rejected another.
Either way you can go.
So now is the time to contact her office.
– Bitcoin Act (@bitcoin_laws) April 28, 2025
Latest cryptography
According to the Bitcoin Act state primary tracker, Arizona is the major state with these two crypto investment invoices at the final stage of the vote.
Bitcoin law reported that two crypto bills went to Governor Hobbes’ desk on April 18th.
HB 2906 had expanded its regulatory sandbox to include crypto companies. However, this was rejected. HB 2342 passed laws protecting Bitcoin mining from regulatory discrimination.
Elsewhere, Bitcoin Reserve Building HB 92 passed the North Carolina State Commission on House Rules, Calendars and Operations this week, passing all committees currently allocated.
On April 21, California Legislature Bill 1052, or the “Digital Assets Bill,” (formerly the Money Transfer Act), passed the committee’s vote with bipartisan support.
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