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Gate Square New & Returning Creator Rewards are ongoing!
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ARIZONA'S HISTORICAL STEP: THE FIRST BITCOIN RESERVE LAW
#BTCRebound #elg #escoin #xrp ESCOINTOKEN
Arizona has taken a significant step towards becoming the first U.S. state to support Bitcoin and other digital assets with public funds. Senate Bill 1025 and SB1373 were approved by the Arizona House with votes of 31-25 and 37-19, respectively. These laws allow for 10% of the state's public funds, approximately 3.14 billion dollars, to be invested in digital assets such as Bitcoin and NFTs. Additionally, a Digital Asset Strategic Reserve Fund will be established to hold seized crypto assets (Bitcoinist, 2025).
The laws are awaiting the signature of Governor Katie Hobbs; however, Hobbs' threat to veto due to budget disagreements casts uncertainty on the future of the law (Cryptoslate, 2025). Arizona's move aligns with similar strategies from other states like Texas, Florida, and New Hampshire, aiming to promote blockchain innovation and portfolio diversification (FXStreet, 2025).