Arizona House of Representatives has voted on two bills to allow for the adoption of a Bitcoin Reserve (BTCYou can also use other crypto currencies.
On April 28, 31 Arizona House members took part in the third reading of Senate Bill 1025, SB1025, a proposal amending Arizona statutes so as to permit a strategic BTC Reserve. voted The bill was passed with 37 lawmakers in support and 25 against. SB1373, a similar bill to create a digital asset reserve at the state level, was passed by 37 legislators and rejected by 19.
“This bill basically takes the approach that probably 15 other states are considering the same legislation nationwide that allows the treasurer to invest up to 10% into, probably mainly Bitcoin but other things as well,” Rep. Jeff Weninger, State Representative on SB1025. “I think this probably would start as a ‘may’ for the foreseeable future, but as things continue to pivot towards Bitcoin and these things, would have that already in place in the future.”
These approvals are closer to becoming law than any state initiative in the US. New Hampshire also proposes similar legislation passed the state’s House In April, the Senate is likely to vote on the full bill.
The story is developing and we’ll add more information as soon as it comes to hand.
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Source: cointelegraph.com
