The state of Arizona has taken a significant step toward the state-level adoption of cryptocurrencies. On April 28, the Arizona House of Representatives approved two critical bills that pave the way for the creation of a Bitcoin and crypto reserve in the state.

The first bill, Senate Bill 1025 (SB1025), also known as the “Arizona Strategic Bitcoin Reserve Act,” passed the House with a vote of 31 to 25. This legislation allows up to 10% of the state treasury’s funds to be invested in virtual currencies, particularly Bitcoin (BTC). SB1025 also includes provisions for Arizona to include its assets in a national Strategic Bitcoin Reserve, should one be established by the U.S. Department of the Treasury.

The second bill, Senate Bill 1373 (SB1373), passed with a vote of 37 to 19. It establishes a “Digital Assets Strategic Reserve Fund”, designed to manage both budget allocations made by the state legislature and digital assets seized through criminal proceedings. With this framework, Arizona aims to manage not just Bitcoin but a range of digital asset classes in a strategic manner.

Both bills had previously passed the Arizona Senate on February 27. As there were no amendments made in the House, they now await final approval from Governor Katie Hobbs. Although Hobbs had previously stated she would not sign any bills without a bipartisan budget agreement, recent developments suggest she may reconsider.

Arizona Takes Legal Steps on Bitcoin Mining

Another key bill, HB 2342, is also heading to the governor’s desk. It protects individuals who engage in Bitcoin mining or operate blockchain nodes from municipal and county-level restrictions on zoning and usage, especially when conducted from private residences.

Meanwhile, former U.S. President Donald Trump and several Republican lawmakers have pushed for the creation of a federal-level “Digital Asset Stockpile” and “Strategic Bitcoin Reserve.” Wyoming Senator Cynthia Lummis introduced a bill that would allow the federal government to hold over 1 million BTC, including assets acquired through civil or criminal forfeiture.

If Governor Hobbs signs these bills, Arizona will make history as the first state in the U.S. to legally establish cryptocurrency reserves. This move could position the state as a national leader in both crypto investment policy and digital asset management.

The recognition of cryptocurrencies as strategic assets by governments is opening the door to a new era in the sector. Arizona’s initiative could significantly accelerate institutional and public acceptance of Bitcoin in the United States.

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New Hampshire’s Bitcoin Reserve Bill Moves to Full Senate Vote

Emre Yumlu — Thu, 24 Apr 2025 16:30:56 +0000

A new bill in New Hampshire that would allow the state to invest a portion of its funds in digital assets and precious metals has passed a second committee review and is now headed for a full Senate vote.

Introduced in January, House Bill 302 (HB 302) was reviewed in a second Senate committee on April 23 and passed with a 4-1 vote. The bill aims to allow the state to make investments in cryptocurrencies with a market capitalization of over $500 billion.

What Does the Bill Entail?

HB 302 grants New Hampshire the authority to invest 10% of its general funds in cryptocurrencies, but only those with a market cap exceeding $500 billion. At present, the only digital asset that meets this criterion is Bitcoin. If the bill passes, the state treasurer would be able to allocate funds to Bitcoin, potentially earning significant returns for the state’s coffers.

Opposition to the Bill

Democratic Representative Terry Spahr opposed the bill, arguing that it was unnecessary. Spahr suggested that the state treasurer already has sufficient authority to manage the state’s investments without the need for this legislation. However, Republican Representative Jordan Ulery pointed out that the investments could yield substantial profits for the state and noted the potential benefits of investing in assets like Bitcoin.

Other Blockchain-Related Bills

In addition to HB 302, New Hampshire is also considering two other blockchain-related bills. HB 639 addresses dispute resolution through blockchain technology and regulatory frameworks, while HB 310 focuses on the tokenization of real-world assets and the use of stablecoins.

Arizona’s Bitcoin Reserve Plans

New Hampshire’s move comes at a time when Arizona is taking a more aggressive stance by exploring the creation of a strategic Bitcoin reserve. If Arizona proceeds with its plan, it could become the first U.S. state to implement such a policy.

The outcome of the upcoming full Senate vote will determine whether New Hampshire takes a significant step toward integrating cryptocurrency investments into its public finances.

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