The state of Arizona’s target for a Bitcoin reserve is closer to reality as the bill overcame the committee stage hurdle. 

Arizona is the latest state to join the race to establish a strategic Bitcoin reserve following the Monday, Jan. 27 vote by the Senate Financial Committee to support the Bitcoin reserve bill. Notably, the committee voted 5-2 in favor of the proposal, positioning Arizona ahead of other US states that harbor similar ideas following Donald Trump’s victory for his second term in the White House. 

Arizona Dives into Bitcoin Investment 

President Trump vowed to unveil a strategic Bitcoin stockpile using the seized crypto asset. The campaign trail promise arose as the GOP candidate then addressed the Bitcoin Conference in July last year. 

The pronouncement during the annual event held in Nashville triggered optimism about the US government’s undertaking active BTC purchases, thus bolstering its price. However, it appears the

Keep reading this article on E-cryptonews.com.

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