- The Bitcoin reserve bill of Arizona was opposed to the veto despite the fact of a close vote of the Chamber.
- North Carolina advances legislation on cryptographic investment in the midst of stop efforts in other American states.
While the interest in the role of Bitcoin (BTC) in financial planning at the level of the state increases, Arizona briefly attracted national attention with its daring proposal.
Arizona recovers the Bitcoin reserve invoice
The State Chamber has narrowly adopted the Senate Bill 1025 bill, the “Arizona Strategic Bitcoin Reserve Act”, which aimed to establish Bitcoin assets in the official reserves of Arizona.
The legislation would have enabled State officials to manage a reserve of digital assets funded by seized funds, positioning Arizona as a pioneer among the American states.
However, the momentum was interrupted when Governor Katie Hobbs opposed his veto to the bill, suddenly ending the efforts to integrate bitcoin into the financial strategy of the State.
Hobbs wrote in a press release for Warren Petersen, president of the Arizona Senate, and said, said
“Today, I have opposed its veto to the Senate Bill 1025. The retirement system of the Arizona State is one of the strongest in the country because it makes solid and enlightened investments.”
She added,
“Arizonans’ retirement funds are not the place where the State is trying not tested investments such as virtual currency.”
What could be more?
The narrow approval of the Arizona House of the Bitcoin Reserve Bill on April 28 marked an important step towards the integration of digital assets at the level of the state.
Despite this progress, Governor Katie Hobbs followed his previous position, between his bill because of the absence of bipartite consensus on the financing of disability.
She had previously declared,
“Any bill that is not already on my office will be opposed to the veto until we have a serious bipartite financing solution which protects health care for the disabled Arizonians.”
Meanwhile, a related proposal, SB1373, which seeks to allow the Treasurer of the State to invest up to 10% of the Arizona rain fund in digital assets like Bitcoin, remains pending a final vote.
Other States and Federal level status on the Bitcoin reserve
Arizona’s attempt reflects a broader trend through the United States, where similar legislative efforts in states such as Oklahoma, Montana, South Dakota and Wyoming have also managed to gain ground.
While the Arizona Bitcoin reserve proposal was opposed to the veto, North Carolina is advancing with a more measured approach.
On April 30, the State Chamber adopted the law on investments in digital assets, paving the way to the treasurer to allocate up to 5% of the funds selected in approved cryptocurrencies.
The bill is now awaiting consideration in the Senate.
These state initiatives echo a broader story taking place at the federal level, where former President Donald Trump and the key republican allies pleaded for a Bitcoin strategic reserve.
Despite an executive decree issued in March, the feeling of the market, reflected in polymarket data, has shown no confidence that such a reserve would materialize during the first 100 days of Trump, signaling skepticism around rapid federal adoption.
