The Arizona Senate has approved two crypto reserve bills that aim to create state-managed digital asset funds. The Strategic Digital Assets Reserve bill would establish a Digital Assets Strategic Reserve Fund managed by the state treasurer, while the Strategic Bitcoin Reserve Act aims to allow public funds to invest directly in cryptocurrencies. The bills have now advanced to the state House for further discussion. Arizona's move is part of a broader trend among states to integrate digital assets into public finance, with Utah and Texas also making progress in this area. However, similar proposals have been rejected in other states. The outcomes of these initiatives could set important precedents for the management of digital assets in public finance and potentially influence future federal legislation.



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