Yigit Taha OZTURK 
Arizona is closing in on establishing a state-level Bitcoin and digital asset reserve with its Strategic Digital Assets Reserve Bill (SB 1373). The bill passed the House Committee of the Whole on April 17 and now awaits one final vote before landing on Governor Katie Hobbs’ desk.
What the Bill Includes
- A reserve fund made of seized digital assets from criminal proceedings.
- The state treasurer can invest up to 10% of the fund in digital assets per fiscal year.
- Loans can be made from the fund to boost returns, as long as risk remains controlled.
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However, Governor Hobbs has recently vetoed 15 bills in one week and pledged to block all legislation until a disability funding bill is passed.
US States in the Bitcoin Reserve Race
Arizona is also advancing SB 1025, a separate bill focused solely on Bitcoin (BTC), allowing public retirement systems and the treasury to allocate up to 10% in BTC.
Other states like Texas, Utah, and New Hampshire have proposed similar legislation. But according to Bitcoin Laws founder Julian Fahrer, Texas may be the first to succeed due to fewer political hurdles.
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