{"id":147806,"date":"2025-01-28T17:00:38","date_gmt":"2025-01-28T15:00:38","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=147806"},"modified":"2025-01-28T13:28:07","modified_gmt":"2025-01-28T11:28:07","slug":"u-s-state-advances-groundbreaking-bill-to-invest-public-funds-in-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/u-s-state-advances-groundbreaking-bill-to-invest-public-funds-in-bitcoin\/","title":{"rendered":"U.S. State Advances Groundbreaking Bill to Invest Public Funds in Bitcoin"},"content":{"rendered":"<p>On January 27, the state Senate Finance Committee approved the \u201cArizona Strategic Bitcoin Reserve Act,\u201d a <strong><a href=\"https:\/\/www.azleg.gov\/legtext\/57leg\/1R\/bills\/SB1025P.pdf\" target=\"_blank\" rel=\"nofollow\">bill<\/a><\/strong> that could allow the state to allocate up to 10% of public funds into digital assets like <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong>. If enacted, this would make Arizona the first U.S. state to officially invest public money in cryptocurrency.<\/p>\n<p>The legislation, co-sponsored by Wendy Rogers and Jeff Weninger, also includes provisions for securely storing these assets, with the potential to integrate them into a federal Bitcoin reserve if such a system is established.<\/p>\n<p>This forward-looking approach reflects the growing influence of digital currencies on state-level financial planning.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/crypto-token-creation-skyrockets-forcing-coinbase-to-adapt\/\" title=\"Crypto Token Creation Skyrockets, Forcing Coinbase to Adapt\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/06\/trade-up-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Crypto Token Creation Skyrockets, Forcing Coinbase to Adapt<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Meanwhile, the confirmation of Scott Bessent as Treasury Secretary this week aligns with Arizona\u2019s pro-Bitcoin stance. Bessent, a vocal critic of central bank digital currencies, is seen as an ally for crypto adoption at the federal level, which could lend support to initiatives like Arizona\u2019s.<\/p>\n<p>Dennis Porter, co-founder of the Satoshi Action Fund, noted that Arizona is leading the charge as the first state to advance such legislation. While similar proposals are being introduced in at least 15 states, Arizona\u2019s progress could set a precedent for broader adoption of Bitcoin as a strategic public asset.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arizona is making waves with a bold proposal to integrate Bitcoin into its public investment strategy.<\/p>\n","protected":false},"author":9,"featured_media":36976,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27,25],"tags":[72],"class_list":["post-147806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-regulations","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. State Advances Groundbreaking Bill to Invest Public Funds in 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