Arizona Legislation pushes for State Reserve for Bitcoin

The state legislation of Arizona has approved a couple of accounts on Monday, which could open the way to create the first State Reserve in the State of Bitcoin country.

The fate of the account, which Mimic President Donald Trump’s move on national levelIt is now in the hands of the Democratic Government Katie Hobbs.

The break from calculationsAs Republicans crossed and largely after partisan lines through the state house and the Senate, they enabled the state to invest up to 10% of their public funds in digital property as Bitcoin. According to a 2023 AuditArizona has more than 30 billion dollars in the means that manages the State.

If Hobbs emphasizes them right, Arizona becomes the first country in the nation that he has his own cryptocurrency reserve. If Hobbs uses its veto power supply on accounts, the dead are.

NBC NESS They reached the Hobbs’ office for comment on how he plans to continue with the bills. The spokesman refused to comment on.

Republican State Sen. Wendy Rogers, who sponsored one of the laws, said it was in the best interest in governor to sign legislation in law. “Crypto and Bitcoin have a huge next across the country and Arizona,” Rogers said, “he will be able to take a loan and it will be able to take a loan and that he will be able to take it a loan and it will be able to to take the loan. “

Presentation of this request in Arizona State Legislation follows Announcement of President Donald Trump “Strategic Cripto Reserve” In March. But Trump’s announcement It was bothered by some Cryptocurrency supporter After the President Posted on your social media platform That the reservation will include less well-known cryptocurrency except Bitcoin that are more inclined volatility.

Barrett Marson, the Republic Political Consultant based in Phoenik, said GOP members in Arizona state legislation were taken by the president. “Arizona Republicans are nothing if they are not muffled what Trump works and always finds a way to do this here in the state,” Marson said.

Marson is not sure whether Hobbs will sign accounts to the right to the right or veto, but believes that Cript’s Merkorn Nature is likely to consider. “Gov. Hobbs will undoubtedly consider how unstable Bitcoin can be when deciding whether to sign or indicate this effort,” Marson said.

But Rogers doesn’t concern. “I have no concern about Bitcoin’s volatility just because if you reduce all the graphics, it always increases in the value,” Rogers said, before he claimed Bitcoin “hedge against inflation”.

“I can’t speak for other cryptocurries as you need to analyze on an individual basis,” she said.