Arizona Strategic Crypto Reserve Bill to be Vote in House of Representatives

Two cryptocurrency-related bills in the US state of Arizona have passed the House Rules Committee and are awaiting a vote in the full House.
On the 24th (local time), the state of Arizona seized digital assets through criminal proceedings.
Two bills that would use the Bitcoin reserve fund to create a portion of the state government budget and retirement pension fund as a Bitcoin reserve are expected to be voted on by the full House of Representatives shortly after passing the House Rules Committee.
If these bills are passed, Arizona would be required to create a strategic digital asset reserve fund based on digital assets seized in criminal proceedings and newly invested public funds.
The bill would provide legal grounds for the Republican-controlled Arizona House of Representatives, but Democrat Katie Rep.
There is a possibility that Governor Hobbs will veto the bill, so its final passage is unclear.
The two bills that were passed are the Strategic Digital Asset Reserve Act (SBRA).
1373) and the Arizona Strategic Bitcoin Reserve Act (SB
The first bill was billed under the name 1025.
The second bill provides for the creation of a strategic digital asset reserve based on digital assets, while the second bill allows the Arizona State Treasury and Retirement System to allocate up to 10% of public funds in Bitcoin.
The second bill would allow Arizona's bitcoin reserve to be kept in a separate account if a federal bitcoin reserve is established.
Arizona is considered the state that is moving quickly toward a digital asset reserve bill, but other states, including Texas and Oklahoma, are also pursuing similar bills.
Texas passed the Strategic Bitcoin Reserve Act (SB-21) in the Senate on March 6, and Oklahoma passed the Bitcoin Reserve Act (HB1203) in the House on March 25.
The bill is awaiting a vote in the Senate. Utah passed a Bitcoin bill, but the strategic reserve provision was removed from the final bill.