On April 28, 2025, the Arizona House of Representatives passed two important bills aimed at establishing a crypto reserve. The document SB1025, which allows the state to accumulate bitcoins for strategic purposes, was supported by 31 representatives against 25 in the third reading. Another bill, SB1373, concerning the formation of a digital asset reserve, was passed with a vote of 37 to 19.
This is reported by Finway
These important documents now await consideration by the state’s Governor, Katie Hobbs. If she signs the bills, it will pave the way for direct state investments in cryptocurrency. Representative Jeff Weninger noted that Arizona is joining other states by allowing the treasury to invest up to 10% of funds in bitcoin and other assets. In his opinion, while this will initially be more of a possibility, cryptocurrency accumulation may become a reality in the future.
“I think this will probably start as a ‘maybe’ in the foreseeable future, but as everything continues to move towards bitcoin and similar things, it will clearly be realized further down the line,” Weninger stated.
Arizona’s initiatives have advanced further than similar projects in other U.S. states. For example, in New Hampshire, the crypto reserve document is still awaiting consideration in the Senate. Previously, the Governor of Arizona had expressed a willingness to veto any bills without the approval of a full healthcare budget. However, recent changes in the legislative agenda may influence her decisions regarding SB1025 and SB1373, analysts believe.
At the federal level, U.S. President Donald Trump has already signed an executive order to create a strategic bitcoin reserve and a digital asset stockpile. Senator Cynthia Lummis has also initiated a bill to purchase 1 million BTC over five years. These measures, she stated, are aimed at institutionalizing crypto reserves at the U.S. level.
It is worth noting that several countries have turned to Binance for advice on regulation and the establishment of a cryptocurrency reserve.