Source: Investing.com
“Arizona lawmakers on Monday advanced a bill allowing state funds to invest in Bitcoin and establish a strategic reserve of the cryptocurrencies, furthering the bill for an eventual vote in the Senate. The bill, which was co-sponsored by Senator Wendy Rogers and Representative Jeff Weninger, was approved by the Senate Finance Committee on Monday. The bill now moves to the Senate Rules Committee and could eventually be up for vote in the Arizona State Senate. The bill — SB 1025 — allows the state to invest up to 10% of public funds into cryptocurrencies, and also has provisions to store digital assets within a Federal strategic reserve, should the U.S. Treasury choose to build such a reserve under President Donald Trump.” (01/28/25)