29-4-2025 – Arizona has etched its name in history as the first American state to greenlight a Strategic Bitcoin Reserve (SBR) bill through both legislative chambers. On Monday, during a pivotal late-session vote, the Arizona House of Representatives endorsed Senate Bill 1025 with a 31-25 margin, paving the way for the state to allocate 10% of its public funds annually to Bitcoin. This bold move aims to shield Arizona’s finances from inflation and the unpredictable tides of global economic uncertainty.
The legislation now rests in the hands of Governor Katie Hobbs, a Democrat, whose final approval is the last hurdle before implementation. However, the path to this moment has not been without friction. As previously noted by Coinpedia, Hobbs has signalled her intent to veto unrelated bills until a disability funding measure secures bipartisan support, casting a shadow of uncertainty over SB 1025’s fate.
The bill’s passage has ignited a broader conversation, with ripple effects anticipated across other states contemplating similar Bitcoin reserve proposals. Dennis Porter, CEO and co-founder of the Satoshi Action Fund, has passionately urged voters to press their representatives to expedite the adoption of strategic Bitcoin reserves, framing it as a critical step for financial resilience. This sentiment dovetails with the incoming Donald Trump administration’s vocal support for fostering a thriving digital asset ecosystem in the United States.
Market observers have already noted a subtle uptick in Bitcoin’s value, with the cryptocurrency climbing approximately 1% to $94,500 following the announcement. Analysts suggest that growing interest from major institutional investors could propel Bitcoin past its current resistance zone of $95,000 to $99,000 in the weeks ahead, underscoring the profound market implications of Arizona’s pioneering decision.
