Arizona Just Passed Bitcoin Reserve Bills , Why Wyoming and Montana Are Saying No
Arizona is pushing for cryptocurrency investment as two Bitcoin reserve bills have passed the Senate, laying the foundation for the final approval of the state’s House of Representatives. While states such as Wyoming and Montana have also rejected similar measures to focus on cryptocurrency volatility, Arizona’s digital assets are doubling.
Major steps towards crypto reserves
Arizona Senate Officially recognized On February 27, the Strategic Digital Assets Reserve Act (SB 1373) voted 17-12 to move it to the House for consideration. Sponsored by Republican Senator Mark Finchem, the bill will establish a strategic reserve fund for digital assets managed by the state’s finance director. The fund will include funds for crypto assets seizures by the legislature and the state.
To limit risks, the Treasurer will not be invested by more than 10% of the total deposits throughout the fiscal year. However, as long as it does not bring additional financial risks to the country, it can borrow the fund’s digital assets to generate returns.
The second crypto bill gains momentum
Along with SB 1373, another Bitcoin-focused bill is moving forward. The Strategic Bitcoin Reserve Act (SB 1025), co-sponsored by Republican Senator Wendy Rogers and representative Jeff Weninger, also passed the Senate with a 17-11 vote.
Unlike Finchem’s bill, which focuses on managing seized digital assets, SB 1025 grants the Investment Bureau to allocate funds to cryptocurrencies.
Dennis Porter, founder of Satoshi Action Fund, Weighing On a broader trend, it is pointed out that legislation at the federal level is inevitable, and predicts that stable, market structure and Bitcoin reserves will be addressed in that order.
Crypto Investment Bills Face Mixed Encryption Reaction
Arizona and Utah are working to seek crypto reserves, while 18 other states are still awaiting approval. But not everyone is on board – Montana, Wyoming and some others rejected the idea, saying Bitcoin is too risky.
Even if Trump supports cryptocurrencies, Bitcoin itself is still struggling, falling below $80,000, fearing it could drop further to $70,000-$75K. This week, it fell 17%, and Trump’s tariff policy made the situation worse.
Michael Sailer jokes in panic Tell Investors “can sell kidneys if needed, but keep Bitcoin.” Despite his push for U.S. Bitcoin reserves, the recent price drop will only make skeptics more suspicious of the future of Bitcoin.
