Techub News reports that, according to Bloomberg, the Arizona House voted to pass the Arizona Strategic Bitcoin Reserve Act (SB 1025). If Governor Katie Hobbs signs the bill, Arizona will become the first state in the U.S. to allow the use of public funds to invest in Bitcoin. The bill will allow state public funds to invest 10% of their controlled funds in Virtual Money.
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Techub News reports that, according to Bloomberg, the Arizona House voted to pass the Arizona Strategic Bitcoin Reserve Act (SB 1025). If Governor Katie Hobbs signs the bill, Arizona will become the first state in the U.S. to allow the use of public funds to invest in Bitcoin. The bill will allow state public funds to invest 10% of their controlled funds in Virtual Money.