The state of Arizona has advanced a bill that would allow public funds to invest in Bitcoin and other digital assets. The proposed legislation, known as the Arizona Strategic Bitcoin Reserve Act, would permit the state to invest up to 10% of public funds in virtual currencies. The bill also includes provisions for storing digital asset holdings in a secure segregated account within a potential federal Strategic Bitcoin Reserve. If approved, Arizona would become the first state to officially invest public funds in Bitcoin. Additionally, the CEO of the Satoshi Action Fund states that at least 15 states, and potentially 16, are introducing similar Bitcoin reserve bills.



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