Arizona has solved all the Bitcoin preliminary legislation through the House Rules Committee, allowing the state to establish a strategic digital asset protection area for the first time.
Following the March 24 voting session, the bill passed the Arizona House Rules Committee and is now heading to Full House.
Both of the proposals of SB 1373 and SB 1025 are both trying to build digital assets, but the focus and funding are different.
SB 1373, a strategic digital asset reservation bill, allows state financial managers to manage funds consisting of seized digital assets. As an option to borrow assets unless the asset increases the risk, up to 10%of the fund value can be invested every year.
SB 1025, Arizona Strategic Bitcoin Reserve Act, especially Bitcoin. Through this, the State Treasury and Retirement System can invest up to 10%of the available funds in Bitcoin. The bill also includes a provision that stores Bitcoin in a safe and separated federal preparatory system.
If the bill sets a full voting in the House of Representatives, they will head to the Katie Hobbs Democratic Governor.
According to X POST on March 25 by X’s Bitcoin Laws, the bill has a suitable shot when passing through the House of Republicans, but it can face the challenge at the Governor’s desk.
Hobbes, in particular, is known to be the right to refuse Republican -led legislation and rejected 22 %of the bill in 2024, the highest percentage of the US governor in 2024.
As of March 25, Bitcoin Laws’s data showed Arizona, leading to the establishment of a national support Bitcoin protection zone, leading to Oklahoma and Texas.
The Senate Texas approved the SB-21, a strategic Bitcoin preliminary bill, on March 6, with a strategic Bitcoin preliminary bill, which is now followed by the Governor’s desk when the Governor’s desk is passed.
A few days later, however, the Democratic Party’s CEO Ron Reynolds introduced a separate proposal to limit the amount of prospects of $ 250 million to limit the size of the state Bitcoin.
Meanwhile, on March 25, Oklahoma’s house passed the Bitcoin Preliminary Act (HB1203) with strong support with 77-15 votes. This bill now moves to the Senate for further consideration.