Two Legislative Proposals Bring Arizona Closer to Strategic Bitcoin Holdings
Lawmakers in the Arizona House of Representatives have passed two bills that could soon allow the state to establish a cryptocurrency reserve, including Bitcoin (BTC) and other digital assets.
In a third reading on April 28, the Arizona House approved:
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Senate Bill 1025 (SB1025) — allowing the state to create a strategic Bitcoin reserve (passed 31–25)
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Senate Bill 1373 (SB1373) — establishing a broader digital assets reserve (passed 37–19)
Both measures now move closer to potentially becoming state law, representing the most advanced state-level effort in the U.S. to create a government-backed crypto treasury.
“This bill basically takes the approach that probably 15 other states are considering,” said State Representative Jeff Weninger regarding SB1025.
“It allows the treasurer to invest up to 10%, probably mainly into Bitcoin.”
Weninger added that the initiative would likely start conservatively but would position Arizona to expand crypto reserves as digital assets gain broader adoption.
National Momentum Toward Public Bitcoin Reserves
Arizona’s moves mirror similar legislation in New Hampshire, where a Bitcoin reserve bill recently passed the state House and is headed for a Senate floor vote.
At the federal level, President Donald Trump signed an executive order in March proposing the creation of a Strategic Bitcoin Reserve and a Digital Asset Stockpile.
Meanwhile, Senator Cynthia Lummis has introduced legislation that would allow the U.S. government to hold more than 1 million BTC, partly through assets seized in civil and criminal forfeiture cases.
Some analysts suggest that Lummis’s bill could serve to codify Trump’s executive orders into federal law, accelerating national-level crypto adoption.
Governor’s Veto Threat Softening?
Arizona Governor Katie Hobbs had previously threatened to veto all new bills unless the legislature approved a “serious, bipartisan funding solution” for healthcare programs.
However, with a funding agreement reportedly reached on April 24, political observers believe Hobbs may now be more open to signing SB1025 and SB1373 into law — or at least allowing them to proceed without a veto.
If signed, Arizona would become the first U.S. state to officially hold Bitcoin in its treasury reserves, potentially setting a precedent for other states.
Final Thoughts: A Milestone for State-Level Crypto Adoption
Arizona’s progress on Bitcoin reserve legislation highlights the growing acceptance of digital assets within government finance strategies. As macro uncertainties persist and trust in traditional monetary systems fluctuates, more states — and even national governments — are exploring crypto as a strategic reserve asset.
If Arizona’s bills become law, it would represent a historic moment not just for the state but for the broader movement to institutionalize Bitcoin at the sovereign level in the United States.
With similar momentum building federally under Trump’s administration, the era of government-backed Bitcoin reserves may be closer than many expected.
