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AZ SB1025
Bill
Status
Vetoed
5/2/2025
Primary Sponsor
Wendy Rogers
Click for details
AI Summary
- Allows public funds (state treasurer and retirement systems) to invest up to 10% of their holdings in virtual currency
- Permits public funds to store virtual currency holdings in a segregated account within a federal strategic bitcoin reserve if established by the U.S. Secretary of the Treasury
- Defines "public fund" as the state treasurer or a retirement system established under Arizona Title 38
- Defines "virtual currency" as a digital representation of value functioning as medium of exchange, unit of account, and store of value, excluding U.S. dollars or foreign currencies
- Establishes this authority as the "Arizona Strategic Bitcoin Reserve Act"
Legislative Description
Public monies; investment; virtual currency
Definitions
Last Action
Governor Vetoed
5/2/2025
Committee Referrals
Rules2/27/2025
Commerce2/27/2025
Rules1/14/2025
Finance1/14/2025
Full Bill Text
No bill text available