Arizona’s Bitcoin Reserve Bill (SB 1373) passed the state’s House Commerce Committee by a narrow 6-4 vote.
The bill’s approval followed a party-line decision, with Republicans voting in favor and Democrats opposing it.
Arizona pushes forward in the race for state-level crypto investment laws
SB 1373’s passage is a significant step forward in Arizona’s battle to be seen as a crypto-friendly state. If ultimately approved, the bill would create a “Digital Assets Strategic Reserve Fund” in the state treasurer’s office for administration. The fund would consist of appropriated legislative money and digital assets collected by the state.
Furthermore, the treasurer would be permitted to make up to 10% of the fund’s total deposits per fiscal year and lend digital assets to earn returns, so long as the actions don’t elevate financial risk for the state.
Arizona appears to be leading the way among U.S. states in the race to get crypto investment laws on the books. Utah leads in this race, but Arizona’s progress keeps it at the forefront of the movement. The Senate passed SB 1373 on the third reading in February with a 17-12 vote, allowing it to move forward to the House.
The bill is one of a wave of cryptocurrency reserve bills being drafted around the U.S. According to the Bitcoin Reserve Monitor, such proposals are currently pending Senate votes in 18 states, and Arizona and Utah have advanced the most. Crypto reserve bills have been rejected in Montana, Wyoming, North Dakota, South Dakota and Pennsylvania.
Arizona advances Bitcoin reserve bills amid national crypto momentum
Another Bitcoin reserve bill, SB 1025, has also passed the Arizona Senate alongside SB 1373. The bill was co-sponsored by Republican Senator Wendy Rogers and Representative Jeff Weninger and explicitly allows public funds the authority to deal in crypto assets under SB 1025. Unlike SB 1373, which focuses on creating a dedicated fund to manage seized and forfeited digital assets, SB 1025 pertains to the investment of public funds.
President Donald Trump’s pro-crypto posture has further bolstered support for Bitcoin reserve proposals on a national level and stoked state-level efforts. Yet Bitcoin’s recent price fluctuation has presented challenges, with the asset registering a 17% drop in the past week as the United States faces economic uncertainty regarding President Trump’s planned tariffs.
Still, the leading crypto has come a long way since trading at just $5.34 on Saint Patrick’s Day in 2012. Now, in 2025, the world’s largest digital currency has reached $83,223 on this holiday, marking a staggering 1,558,000% increase in just 13 years. With governments and institutional adoption surging alongside fixed supply, Bitcoin’s long-term trajectory appears stronger than ever.
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