PANews reported on March 1 that according to Cryptoslate, the Arizona Senate passed two crypto reserve bills. The legislature passed the Strategic Digital Asset Reserve Act (SB 1373) in third reading with 17 votes in favor and 12 votes against. The bill will establish a digital asset strategic reserve fund managed by the state treasurer. At the same time, the Strategic Bitcoin Reserve Act (SB 1025) received 17 votes in favor and 11 votes against. The proposal aims to authorize public funds to invest directly in cryptocurrencies. Both bills have been submitted to the state legislature for further deliberation.