The Legislative Council in Arizona is applying with bitcoin bills for reserve

Arizona lawmakers have voted to pass two projects that can allow the state to adopt a bitcoin reserve (BTC) Or other cryptocurrencies.

In a third reading on April 28 of the Senate Bill 1025 (SB1025), a proposal to amend the Arizona laws to allow BTC strategic reserves, 31 members of the Arizona home voice In favor of the bill, with 25 oppositions. A similar bill, SB1373, was approved to create a state assets reserve at the state level, with 37 legislators in favor of 19 votes.

“The draft law takes this approach as a basis that 15 other states are considering the same legislation worldwide, which allows the treasury secretary to invest up to 10 % in, perhaps mainly Bitcoin but other things as well,” said the state representative, Jeff Winner at SB1025. “I think this will likely start” May “in the foreseeable future, but as things continue towards Bitcoin and these things, this is really valid in the future.”

The approvals are approaching bills to any other state initiative in the United States to obtain an encrypted currency or Bitcoin strategic reserves. Similar legislation proposed in New Hampshire The country’s house has passed In April, he is expected to go to the Senate for a full floor vote soon.

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Arizona Katie Hobbes Declare On April 17, she was intending to veto any bill until legislators had a “dangerous financing solution, from both parties that protect health care for Erzon with disabilities.” However, with the approval of this legislation on April 24, the ruler can be more open to signing SB1025 or SB1373 in law.