Arizona has just rejected an ambitious bill aimed at integrating Bitcoin into its official reserves. While several states explore this bold track, the veto of the governor Katie Hobbs relaunches the national debate on the future of the BTC in public management and institutional finances.
In short
- The governor of Arizona opposes her veto to a bill to integrate Bitcoin into its reserves.
- A second similar project is still pending, while other states like North Carolina advance.
- The debate on the institutional adoption of Bitcoin is intensifying at state and federal levels.
Arizona refuses to integrate bitcoin into its reserves
Stop for bitcoin in the state of Arizona. Democratic governor Katie Hobbs opposed her veto on Friday to the Digital Bill Assets Strategic Reserve (SB1025), which would have enabled the State to invest part of its funds seized in the BTC. Arizona could have become the first American state to integrate cryptocurrency into its official reserves.
The text, voted in April in the House of State representatives (31 votes for, 25 against), proposed the creation of a Bitcoin Strategic Fund, managed by public officials. But Hobbs categorically rejected this approach. “”The Arizona retirement system is one of the strongest in the country because it is based on prudent and enlightened investments. Arizonian pension funds are not an experimentation ground for virtual assets not tested“, she said in a message sent to the president of the local Senate.
Other pending initiatives
A second project, the SB1373, which would allocate up to 10 % of the state emergency reserve fund in digital assets such as Bitcoin, is still awaiting final voting. Arizona thus joins other states such as Montana, southern Dakota or Oklahoma, where similar initiatives have failed. But the dynamics continue elsewhere
North Carolina has taken a step with the adoption by her Digital Assets Investment Act Chamber, authorizing the investment of 5 % of certain funds in cryptocurrencies. The project is now in the hands of the local Senate. Federally, the Trump administration also pushes the creation of a “Bitcoin Strategic Reserve», Via a decree signed in March.
The battle for institutional bitcoin is therefore far from over. If Arizona brakes, other states such as California invest massively in BTC actions in Strategy. Between political prudence and strategic vision, Bitcoin is gradually imposing itself in American budgetary debates. State adoption is no longer a question of “if“, But”When».
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