7-5-2025 – A groundbreaking piece of legislation enabling Bitcoin reserves has cleared its final parliamentary hurdle in the American Southwest. The Arizona Senate’s approval of SB 1373 marks a watershed moment for cryptocurrency adoption in state governance, though its fate now rests in Governor Katie Hobbs’ hands.
The bill’s journey through the legislative chambers has been particularly noteworthy, given the Governor’s previous stance on similar initiatives. Hobbs had already wielded her veto power against SB 1025, an earlier iteration of Bitcoin reserve legislation, casting uncertainty over the prospects of this latest measure.
