Could Arizona become the first U.S. state with a crypto reserve?

AMB Crypto 9 months ago 167

Arizona passed Bitcoin Reserve Bills, but Governor Katie Hobbs’s veto history adds uncertainty.
U.S. states embrace Bitcoin reserves while global regulators tighten crypto restrictions.

The competition to establish strategic Bitcoin [BTC ($87,686.00)] reserves across U.S. states is intensifying, with Arizona making notable progress.

On the 24th of March, two digital asset reserve bills successfully passed the state’s House Rules Committee and are now set for a full House vote.

If enacted, these bills would enable Arizona to create a reserve backed by confiscated assets from criminal cases and newly allocated public funds.

With Republicans holding a narrow majority in the House, the legislation has a strong chance of approval.

However, the final challenge could be Democratic Governor Katie Hobbs. In 2024, she vetoed more bills than any other governor. This record adds uncertainty to the outcome of the proposed legislation.

All about SB 1373 and SB 1025 bill...

BitRss shares this Content always with

License.

Read Entire Article

Screenshot generated in real time with SneakPeek Suite

Search Crypto News

The latest Top News, only from Leading exponents of BlockChain, Bitcoin, Stablecoins, Altcoins and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World. A point of Reference 24/7: everything you are looking for, in one place!

We have always tried to give priority to the News and the Sources; for this reason we have designed this New Version of BitRss.com with a clean and simple Style, usable by all Devices, fast and effective. Our exclusive Algorithm, in addition to filtering (a lot..) sponsored content of dubious interest, Lists the News, in Chronological order of Publication on the Internet, allowing our Users to Follow the Flow of Articles in a fast and intuitive way.

You can also check the Cryptocurrency Price in Real Time directly in the shared Articles (TAG's highlighted in green), which allows you to Learn more about the Market Trend of that particular Coin with many other related information. Each content includes always a direct Link and Real Time Screenshot of the Article's Source.