Key Takeaways
- Arizona's Senate Finance Committee passed a bill to invest in Bitcoin.
- SB1025 allows up to 10% of public funds to be allocated to Bitcoin.
- The bill now moves to the Senate Rules Committee for further review.
On Jan. 27, 2025, the Arizona Senate Finance Committee passed SB1025, also known as the “Arizona Strategic Bitcoin Reserve Act,” in a 5-2 vote.
If enacted, the bill would make Arizona the first U.S. state to allocate public funds—including state treasuries and retirement systems—into Bitcoin, with a cap of 10%.
Security provisions
The bill, co-sponsored by Senators Wendy Rogers and Jeff Weninger, includes provisions for secure storage, requiring cold wallets, multi-signature authentication, and strict oversight measures.
Additionally, if the U.S. Treasury establishes a federal Bitcoin reserve, the bill allows Arizona’s holdings to be stored there.
Legislative process
The legislation now heads to the Senate Rules Committee before a full Senate vote.
If approved, it will move to the Arizona House of Representatives for further consideration.
Industry response
Dennis Porter, CEO of the Satoshi Action Fund, praised Arizona’s leadership, stating:
Arizona has become the first state in the nation to pass out of committee a bill to create a ‘Strategic Bitcoin Reserve.’
National momentum
Arizona is among 11 states—including Texas, Wyoming, and Pennsylvania—considering similar bills, with projections that 16 states could introduce Bitcoin reserve legislation by the end of 2025.
