Arizona has taken yet another huge step toward potentially adopting Bitcoin. The state legislature has officially passed two bills that would see Arizona hold Bitcoin as part of its treasury reserves.

In a vote of 31-25, Senate Bill (SB) 1025, sponsored by Senator Wendy Rodgers, passed alongside SB 1373, sponsored by Senator Mark Finchem, in a vote of 37-19. Both bills seek to create a strategic reserve of Bitcoin for the state of Arizona.

The resolution directs the state to study the potential impacts and logistics of adding BTC to its financial holdings, which would make Arizona the first state to officially add Bitcoin as a treasury asset. 

Helping lead the idea is Republican…

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