Arizona Legislature Sends Strategic Bitcoin Reserve Act to the Governor
Arizona's House passed SB 1025 on April 28, completing legislative approval of a bill that would have allowed public funds to invest up to 10 percent in virtual currency before the governor vetoed it in May.
On April 28, 2025, the Arizona House of Representatives passed SB 1025, the Arizona Strategic Bitcoin Reserve Act, by a vote of 31 to 25 with four members not voting. The Senate had approved the measure in February, so the House vote completed legislative passage and sent the bill to the governor.
The bill would have allowed the state treasurer and retirement systems to invest up to 10 percent of public monies under their control in virtual currency. It also contemplated storage in a federal strategic Bitcoin reserve if such a federal facility were created.
The legislation did not become law. Governor Katie Hobbs vetoed it on May 2. The April vote nevertheless marked the point at which a U.S. state legislature fully approved a Bitcoin-reserve framework and placed the decision before a governor, documenting how quickly state-level reserve proposals had moved from introduction to serious legislative consideration.