PANews reported on April 29 that according to The Block, the Arizona State Assembly passed the Strategic Bitcoin Reserve Act SB 1025, authorizing the state finance department and pension system to invest up to 10% of available funds in digital assets such as Bitcoin. The bill has been submitted to Democratic Governor Katie Hobbs for signature. If it comes into effect, it will make the state the first state in the United States to require public funds to invest in Bitcoin. The bill was jointly initiated by Republican lawmakers Wendy Rogers and Jeff Weninger, aiming to incorporate cryptocurrencies into public financial management. Currently, several states including Iowa, Missouri and Texas are considering similar legislation.

In addition , the state's other Bitcoin reserve bill, SB 1373, was also passed by the House of Representatives and submitted to Democratic Governor Katie Hobbs for signature. The proposal proposes the establishment of a digital asset strategic reserve fund managed by the state treasurer. The funding sources include seized assets and legislative appropriations. Up to 10% can be invested in digital assets such as BTC each fiscal year, and loans can be made without increasing risks.