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AZ SB1042
Bill
Status
Engrossed
2/25/2026
Primary Sponsor
Wendy Rogers
Click for details
AI Summary
- Authorizes Arizona public funds (state treasurer and retirement systems established under Title 38) to invest up to 10% of public monies under their control in virtual currency holdings
- Permits public funds to store virtual currency holdings in a secure segregated account within the federal Strategic Bitcoin Reserve if the U.S. Secretary of the Treasury establishes one
- Defines "virtual currency" as a digital representation of value functioning as a medium of exchange, unit of account, and store of value, including stablecoins but excluding U.S. or foreign government legal tender
- Defines "stablecoin" by reference to the federal GENIUS Act of 2025 (P.L. 119-27), requiring compliance with applicable federal issuance laws
- Designated as the "Arizona Strategic Digital Asset Reserve Act"
Legislative Description
Public monies; investment; virtual currency
Definitions
Last Action
House read second time
3/16/2026
Committee Referrals
Rules2/25/2026
Ways and Means2/25/2026
Rules1/12/2026
Finance1/12/2026
Full Bill Text
No bill text available