Cryptocurrency enthusiasts found little solace in Trump’s reserve actions, yet a framework emerged that curtails massive BTC sell-offs. Efforts for a comprehensive reserve law are ongoing in U.S. states. Just as cryptocurrency investors hoped, a bill with the potential to attract billions of dollars is on the verge of approval.
Arizona’s Cryptocurrency Reserve Bill
The Arizona House of Representatives approved a bill allowing the establishment of a cryptocurrency reserve. Two bills received approval, and if the Governor also endorses them, they may begin acquiring Bitcoin 
$106,862 and other cryptocurrencies. In the third readings of Senate Bill 1025 (SB1025) on April 28, the support of 31 members from the Arizona House was secured.
Another bill, SB1373, aimed at the same objective, garnered 37 votes in favor. State Representative Jeff Weninger commented on SB1025, stating that this law could allow up to 10% of state public funds to be invested in cryptocurrencies.
The Arizona bill is now with Governor Katie Hobbs for review. It remains uncertain how the Governor will respond, as she has frequently rejected bills led by Republicans. However, this bill, now at its final stages in Arizona, has bolstered hopes regarding Republican-led states.
