Arizona's Strategic Digital Assets Reserve Bill (SB 1373) has advanced through the House Committee of the Whole and is now one vote away from reaching Governor Katie Hobbs for approval. The bill aims to create a Digital Assets Strategic Reserve Fund using digital assets seized via criminal proceedings, with Arizona's treasurer allowed to invest up to 10% of the fund in digital assets each fiscal year. The treasurer may also loan fund assets to enhance returns, provided it does not escalate financial risks. However, Governor Hobbs has recently shown hesitancy in approving bipartisan legislation, having vetoed several bills, causing uncertainty for SB 1373. Alongside this bill, Arizona is also considering the Strategic Bitcoin Reserve Act (SB 1025), permitting a similar 10% investment into Bitcoin specifically, which has cleared the House Committee and awaits a full vote. These legislative movements position Arizona as a leading state in pursuing state-level Bitcoin reserves.

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