The Arizona Bitcoin Reserve is pushing forward with SB 1373 and SB 1025, bills designed to launch their own Bitcoin and digital asset reserve. Canada crypto fund doesn’t even register in the same league after this. If not for the reason that the US could invade Canada with three tanks and five Hummers, but this marks the potential kickoff of a US state arms race for Bitcoin dominance.
Having passed the House Rules Committee, the measures could soon make Arizona a pioneer in integrating crypto at the state level.
Arizona Bitcoin Reserve: Understanding the Two Key Bills
SB 1025, known as the Arizona Strategic Bitcoin Reserve Act, is a blueprint for allocating up to 10% of public funds into Bitcoin. Provisions include secure, separated storage, possibly linked to a future federal Bitcoin reserve, as outlined explicitly in the legislation.
“If the United States Secretary of the Treasury establishes a strategic Bitcoin reserve, a public fund may store the virtual currency holdings in a secure segregated account,” SB 1025 reads.
State Reserve Race Update:
Arizona’s House Rules Committee passed both Bitcoin Reserve Bills (SB1373 and SB1025), ruling them “constitutional and in proper form.”
The bills have now passed their assigned committees, meaning they should be headed for a full floor vote. pic.twitter.com/suuxXCifP3
— Bitcoin Laws (@Bitcoin_Laws) March 24, 2025
Arizona’s Republican-majority House gives the state’s Bitcoin bills solid odds, but the real wildcard is Governor Katie Hobbs. With a 22% veto rate, she has a history of blocking legislation, and her decision could make or break these proposals.
Other states are eyeing similar moves. Texas pushed SB 21 through the Senate with a cap of $250 million on its reserve but still waits on final approval. Oklahoma’s Bitcoin Reserve Bill passed the House and advances to the Senate. Meanwhile, Utah stepped back, cutting Bitcoin reserve provisions from its legislation entirely.
Arizona House session ends in April, so March is a high possibility of pass or fail.
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Why Arizona Reserve Matters More Than The Canada Crypto Fund
Canada’s new Prime Minister, Mark Carney, isn’t exactly a crypto enthusiast. Back in his days as governor of the Bank of England, Carney dismissed Bitcoin outright, arguing it fails as a currency on all fronts: store of value, medium of exchange, and unit of account. His verdict: Cryptocurrencies “are failing.”
In terms of crypto regulation, Carney is pretty much the Joe Biden of Canada.
Mark Carney cannot be trusted!
He is a big CBDC pusher!
He even went to meet with Ursala von der Leyen right away!
she’s crazy
Crypto people in Canada only have one sure choice to avoid any unpleasant surprises!
Vote for @PierrePoilievre
left pic:Carney quotes on crypto pic.twitter.com/ddFWLqlvBc
— UpperTunist
(@uppertunist) March 23, 2025
Under former PM Justin Trudeau and now Carney, Canadian values are shifting more towards Europe. Canadians and Europeans, as opposed to Americans, value big government that can provide quality public services.
Not a bad thing. Meanwhile, the U.S., under Trump, is prioritizing production and manufacturing. Nowhere is this contrast sharper than in Germany, where nuclear reactors were torn down just a few years ago. This has also extended to digital technologies, where Canada’s crypto policies have hit a complete standstill.
The Potential Impact of The Arizona Bitcoin Reserve
If Arizona succeeds, the implications could ripple far beyond state borders. A strategic Bitcoin reserve offers more than investment diversification; it signals that cryptocurrencies are no longer fringe assets but integral to forward-thinking financial strategy. By including seized digital assets in a state fund, Arizona could also demonstrate innovative ways to repurpose confiscated assets for public benefit.
However, challenges loom. Critics question whether a state-managed crypto reserve is the best use of public funds, citing concerns over market volatility and potential mismanagement.
Arizona is betting big on crypto, with SB 1373 and SB 1025 pushing the boundaries of state-level adoption. If these bills clear the hurdles ahead, they could set the tone for how U.S. states handle digital assets.
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Key Takeaways
- The Arizona Bitcoin Reserve is pushing forward with SB 1373 and SB 1025, bills designed to launch its own Bitcoin and digital asset reserve, showing dominance.
- The Canada Bitcoin crypto fund doesn’t even compare. Under former PM Justin Trudeau and now Carney, Canadian values are shifting more towards Europe.
- For now, the debate about cryptocurrency’s place in America’s financial future is just beginning.
The post Here’s Why Arizona Bitcoin Reserve Matters More Than Canada Crypto Fund appeared first on 99Bitcoins.