Arizona’s Bitcoin Reserve Bills Set for Final Vote on April 28

Arizona’s two Bitcoin reserve bills, SB 1373 and SB 1025, are scheduled for a third reading and potential final floor vote in the state House of Representatives on Monday, April 28, 2025. If approved, these bills would allow Arizona to establish a strategic Bitcoin reserve, potentially marking it as the first U.S. state to adopt such a policy for digital assets in public finance.

Details of SB 1373 and SB 1025

The Strategic Digital Assets Reserve Bill (SB 1373) proposes a Digital Assets Strategic Reserve Fund, managed by the state treasurer, utilizing digital assets seized through criminal proceedings. It permits annual investments of up to 10% of the fund’s value in digital assets and allows lending to optimize returns, provided financial risks remain controlled. The Arizona Strategic Bitcoin Reserve Act (SB 1025) focuses solely on Bitcoin, authorizing the state treasury and retirement system to allocate up to 10% of their funds into BTC, with secure storage provisions if a federal Bitcoin reserve emerges.

Legislative Progress and Challenges Both bills advanced through Arizona’s House Committee of the Whole this month—SB 1373 on April 17 and SB 1025 on April 1—leaving them one step from Governor Katie Hobbs’ desk. The Republican-led House, with a 33-27 majority, supports their progression, though the governor’s stance introduces uncertainty. According to her post, Hobbs has recently pledged to veto all bills until the legislature passes a bill for disability funding.

Broader U.S. State Movement

Arizona’s efforts are part of a broader movement among U.S. states exploring Bitcoin reserves. New Hampshire’s Bitcoin Reserve Bill (HB 302) passed the Senate Ways & Means Committee with a 4-1 vote on April 23, advancing it closer to a full Senate decision. Missouri’s Bitcoin Reserve Bill (SB 779) cleared the Senate Banking and Insurance Committee on the same day with a unanimous 6-0 vote, signaling strong local support. Meanwhile, Texas’s Bitcoin reserve bill (SB 21) passed its Senate on March 6 with a 25-5 bipartisan vote and saw a public hearing in the House Government Efficiency Delivery Committee on April 23. BitcoinLaws’ founder Julian Fahrer told Cointelegraph that he believes that SB 1373 has a strong chance of passing and could integrate with SB 1062, a bill recognizing BTC as legal tender.