{"id":37543,"date":"2025-02-28T17:00:43","date_gmt":"2025-02-28T14:00:43","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=37543"},"modified":"2025-02-28T16:33:50","modified_gmt":"2025-02-28T13:33:50","slug":"arizona-crypto-reserve-bills-advance-in-senate-nearing-law","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/arizona-crypto-reserve-bills-advance-in-senate-nearing-law\/","title":{"rendered":"Arizona Crypto Reserve Bills Advance in Senate, Nearing Law"},"content":{"rendered":"<p>Two <a href=\"https:\/\/coinengineer.net\/blog\/xrp-at-a-critical-support-bullish-or-bearish\/\"><strong>crypto reserve bills<\/strong><\/a> in Arizona pass their third readings in the <strong>Senate<\/strong> and are preparing to head to the <strong>House<\/strong>.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/arizona-crypto-reserve-bills-advance-in-senate-nearing-law\/#Arizona_Senate_Advances_Bitcoin_Reserve_Bill\" title=\"Arizona Senate Advances Bitcoin Reserve Bill\">Arizona Senate Advances Bitcoin Reserve Bill<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/arizona-crypto-reserve-bills-advance-in-senate-nearing-law\/#Another_Bitcoin_Reserve_Bill_Advances_in_Arizona_Senate\" title=\"Another Bitcoin Reserve Bill Advances in Arizona Senate\">Another Bitcoin Reserve Bill Advances in Arizona Senate<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"0\" data-end=\"44\"><span class=\"ez-toc-section\" id=\"Arizona_Senate_Advances_Bitcoin_Reserve_Bill\"><\/span>Arizona Senate Advances Bitcoin Reserve Bill<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"46\" data-end=\"196\"><strong>The Arizona Senate<\/strong> has advanced a Bitcoin reserve bill, placing it second in the race among U.S. states to pass a crypto investment bill, behind Utah.<\/p>\n<p data-start=\"198\" data-end=\"407\">On February 27, the Senate passed the <strong>Strategic Digital Assets Reserve Bill (SB 1373)<\/strong> on its third reading with a vote of 17 in favor and 12 against. The bill now heads to the state\u2019s House of Representatives.<\/p>\n<p data-start=\"198\" data-end=\"407\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-149789 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/02\/rezerv.jpg\" alt=\"rezerv\" width=\"600\" height=\"944\" \/><\/p>\n<p data-start=\"409\" data-end=\"653\">The bill, supported by<strong> Republican Senator Mark Finchem,<\/strong> proposes the creation of a \u201cDigital Assets Strategic Reserve Fund\u201d managed by the state treasurer. This fund will consist of money appropriated by lawmakers and crypto seized by the state.<\/p>\n<p data-start=\"655\" data-end=\"878\">The treasurer is limited to investing no more than 10% of the total fund deposits in any fiscal year but may loan digital assets from the fund to generate returns as long as it doesn\u2019t increase financial risks to the state.<\/p>\n<p data-start=\"880\" data-end=\"1103\"><strong>Satoshi Action Fund founder Dennis Porter,<\/strong> in a February 28 post on X, stated, &#8220;Whether you like it or not, federal-level legislation will happen in this order:<strong> Stablecoins, Market Structure, and Strategic Bitcoin Reserve.&#8221;<\/strong><\/p>\n<h2 data-start=\"1105\" data-end=\"1160\"><span class=\"ez-toc-section\" id=\"Another_Bitcoin_Reserve_Bill_Advances_in_Arizona_Senate\"><\/span>Another Bitcoin Reserve Bill Advances in Arizona Senate<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1162\" data-end=\"1449\">Another Bitcoin reserve bill, the <strong>Strategic Bitcoin Reserve Act (SB 1025)<\/strong>, has also passed its third reading in the Arizona Senate. Co-sponsored by Republican Senator Wendy Rogers and Representative Jeff Weninger, the bill passed on February 27 with a vote of 17 in favor and 11 against.<\/p>\n<p data-start=\"1451\" data-end=\"1680\">The bill supported by <strong>Rogers and Weninger<\/strong> focuses on granting public funds the authority to invest in crypto assets, while the bill supported by Finchem establishes a special fund for seized digital assets and appropriated funds.<\/p>\n<p data-start=\"1682\" data-end=\"1828\">Currently, 18 U.S. states have crypto reserve bills awaiting Senate votes, with only Arizona and Utah in the final stages of the approval process.<\/p>\n<p data-start=\"1830\" data-end=\"1939\">Crypto investment bills have been rejected <strong>in Montana, Wyoming, North Dakota, South Dakota, and Pennsylvania.<\/strong><\/p>\n<p data-start=\"1941\" data-end=\"2055\">Bitcoin reserve proposals are gaining support across the U.S. due to President Donald Trump&#8217;s pro-crypto policies.<\/p>\n<p data-start=\"2057\" data-end=\"2215\" data-is-last-node=\"\" data-is-only-node=\"\">Meanwhile, <strong>Bitcoin<\/strong> has dropped by 17% over the past seven days, struggling to maintain gains amid economic uncertainty caused by Trump&#8217;s sweeping new tariffs.<\/p>\n<hr \/>\n<p data-start=\"2057\" data-end=\"2215\" data-is-last-node=\"\" data-is-only-node=\"\"><em>Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don\u2019t forget to follow us on\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram<\/strong>,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0for the latest <a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two crypto reserve bills in Arizona pass their third readings in the Senate and are preparing to head to the House. Arizona Senate Advances Bitcoin Reserve Bill The Arizona Senate has advanced a Bitcoin reserve bill, placing it second in the race among U.S. states to pass a crypto investment bill, behind Utah. On February<\/p>\n","protected":false},"author":29,"featured_media":37550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[12309,12308,12310,12311,12313,12312],"class_list":["post-37543","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-arizona-crypto-reserve-bills","tag-crypto-reserve-bills","tag-house","tag-senate","tag-strategic-bitcoin-reserve-act-sb-1025","tag-strategic-digital-assets-reserve-bill-sb-1373"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Arizona Crypto Reserve Bills Advance in Senate, Nearing Law - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/arizona-crypto-reserve-bills-advance-in-senate-nearing-law\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arizona Crypto Reserve Bills Advance in Senate, Nearing Law - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Two crypto reserve bills in Arizona pass their third readings in the Senate and are preparing to head to the House. 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