Arizona is pushing ahead with cryptocurrency investment as two Bitcoin reserve bills have passed the Senate, setting the stage for final approval in the state’s House of Representatives. While states like Wyoming and Montana are rejecting similar measures over concerns about crypto’s volatility, Arizona is doubling down on digital assets.
A Major Step Toward Crypto Reserves
The Arizona Senate approved the Strategic Digital Assets Reserve bill (SB 1373) on Feb. 27 with a vote of 17-12, moving it to the House for consideration. Sponsored by Republican Senator Mark Finchem, the bill would establish a Digital Assets Strategic Reserve Fund managed by the state treasurer. The fund would include money appropriated by the legislature and crypto assets seized by the state.
To limit risk, the treasurer would be restricted from investing more than 10% of the total fund deposits per fiscal year. However, digital assets from the fund could be loaned to generate returns as long as it doesn’t pose additional financial risks to the state.
A Second Crypto Bill Gains Momentum
Alongside SB 1373, another Bitcoin-focused bill is moving forward. The Strategic Bitcoin Reserve Act (SB 1025), co-sponsored by Republican Senator Wendy Rogers and Representative Jeff Weninger, also passed the Senate with a 17-11 vote.
Unlike Finchem’s bill, which focuses on managing seized digital assets, SB 1025 grants investment authority for public funds to allocate capital into cryptocurrencies.
Dennis Porter, founder of Satoshi Action Fund, weighed in on the broader trend, stating that legislation at the federal level is inevitable, predicting that stablecoins, market structure, and Bitcoin reserves will be addressed in that order.
Crypto Investment Bills Face Mixed Crypto Reactions
Arizona and Utah are leading the way in pushing for crypto reserves, while 18 other states are still waiting for approval. But not everyone is on board—Montana, Wyoming, and a few others have rejected the idea, saying Bitcoin is too risky.
Even though Trump supports crypto, Bitcoin itself is struggling, crashing below $80K with fears it could drop even further to $70K–$75K. It’s down 17% this week, and Trump’s tariff policies are making things worse.
Amid the panic, Michael Saylor jokingly told investors to “sell a kidney if you must, but keep the Bitcoin.” While he pushes for a U.S. Bitcoin reserve, the recent price drop has only made skeptics more doubtful about Bitcoin’s future.
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