In 2025, Arizona made significant strides in integrating Bitcoin into its financial framework. Legislative efforts, particularly in the Senate and House, aimed to establish a digital assets reserve.
On February 27, 2025, the Arizona Senate passed Senate Bill 1373 with a 17-12 vote, creating a "Digital Assets Strategic Reserve Fund." Senate Bill 1025, focusing on public funds investment in crypto assets, also passed the Senate on the same day with a 17-11 vote. Both bills then advanced to the House of Representatives.
On April 28, 2025, the House passed both bills, with Senate Bill 1025 passing by a 31-25 vote and Senate Bill 1373 by a 37-19 vote. Governor Hobbs vetoed Senate Bill 1025 on May 2, 2025, but signed House Bill 2749 into law on May 8, 2025, establishing a Bitcoin and Digital Assets Reserve Fund. This fund manages unclaimed digital assets without using taxpayer money. On June 19, 2025, further discussions and planning took place regarding the implementation of the reserve fund.