Arizona has taken another huge step towards Bitcoin’s potential adoption. The state legislature has officially approved two bills that would see Arizona have Bitcoin as part of his treasure reserves.
In a 31-25 vote, Senate bill (SB) 1025sponsored by Senator Wendy Rodgers, approved next to SB 1373Sponsored by Senator Mark Finchem, in a vote of 37-19. Both bills seeks to create a strategic Bitcoin reserve for the state of Arizona.
The resolution addresses the State to study the possible impacts and logistics to add BTC to its financial holdings, which would make Arizona the first state to officially add Bitcoin as an asset of the Treasury.
Help leading the idea is the Republican state senator Wendy Rogers, who has been a constant voice for the adoption of Bitcoin at the state level. According For CNBC, Rogers dismissed concerns about instability and expressed its belief in Bitcoin’s long -term value that indicates: “I have no concern about Bitcoin’s volatility simply because if you move away from all graphics, it always increases in value.”
He said more, calling Bitcoin a “coverage against inflation”, reflecting the growing popularity among politicians about Bitcoin’s important role in the current challenging economic environment and a statement backed by other Republicans such as Donald Trump Jr.
This is not the first time that Rogers proposed a friendly legislation for Bitcoin. In 2022, she presented SB 1341which would have allowed Bitcoin to be used as a legal tender in Arizona. Unfortunately, this was never taken to the vote. In 2023, she presented SB 1239that would have allowed the Arizona government to accept Bitcoin as payment for municipal payments of citizens. This bill approved the Senate with a 16-13 vote, but failed in the Chamber media and media committee with a vote of 4–5, stopping its progress. Its legislative history It shows a constant effort to make Arizona a state of Pro Crypto Pro. With inflation it is still a great concern, its last effort can be landing at the right time.
While the result of this does not yet authorize the purchase of Bitcoin, feel the foundations for it to happen in the near future. If the governor signs the law, Arizona would become the first state of the United States to formally put Bitcoin in his treasure, and potentially triggered a wave of similar movements throughout the country.
