Arizona has successfully advanced both of its Bitcoin reserve proposals through the House Rules Committee, positioning the state to potentially be the first to create a strategic digital asset reserve.
After a voting session on March 24, both bills have cleared the Arizona House Rules Committee and are now set for a vote by the full House.
The two pieces of legislation—SB 1373 and SB 1025—aim to create digital asset reserves but have different emphases and sources of funding.
SB 1373, known as the Strategic Digital Assets Reserve Bill, would authorize the state treasurer to oversee a fund made up of confiscated digital assets. Each year, up to 10% of the fund’s value could be invested, alongside the potential to loan assets, provided it doesn’t elevate risk.
On the other hand, SB 1025, titled the Arizona Strategic Bitcoin Reserve Act, focuses exclusively on Bitcoin. This bill would enable the state treasury and retirement fund to allocate up to 10% of available resources into Bitcoin. It also stipulates that the Bitcoin must be stored in a secure, separate federal reserve account.
If these bills pass the full House vote, they will proceed to Governor Katie Hobbs, a Democrat, whose approval will be the final step required for enactment.
As per a recent post on X, the bills stand a favorable chance of passing in the House due to the Republican majority but may encounter obstacles at the governor’s office.
Notably, Hobbs is recognized for vetoing several Republican-backed measures, with a rejection rate of 22 percent for bills in 2024—the highest among U.S. governors.
As of March 25, records show Arizona leading in the initiative to create a state-supported Bitcoin reserve, closely followed by Oklahoma and Texas.
On March 6, the Texas Senate voted 25-5 in favor of SB-21, its Strategic Bitcoin Reserve Bill, which has now moved to the state House for deliberation before heading to the governor if passed.
However, shortly afterward, Democratic Representative Ron Reynolds proposed a separate measure to limit the reserve’s size to $250 million to constrain the extent of the state’s Bitcoin holdings.
Additionally, on March 25, Oklahoma’s House passed its Bitcoin Reserve Bill (HB1203) with notable bipartisan support, tallying a vote of 77–15. The bill is now directed to the state Senate for additional review.