Arizona legislators pass Bitcoin reserve bill and several other key bills

The Arizona Legislature convened on April 28, 2025, for a House Floor Session focused on several key bills, including significant legislation regarding cryptocurrency and transportation planning.

The session began with discussions on four bills, two introduced by Representative Weninger and two by senators. A notable proposal was made to create a Bitcoin or virtual currency reserve, allowing the state treasurer to invest up to 10% of state funds in Bitcoin and potentially other cryptocurrencies. This initiative aligns with similar legislative efforts in approximately 15 other states. Representative Weninger expressed strong support for the bill, emphasizing its future-oriented approach to cryptocurrency investment. The bill passed with a vote of 31 ayes to 25 nays.

Following this, the House addressed Senate Bill 1086, which pertains to transportation planning. After a thorough discussion, the bill was approved with a vote of 32 ayes to 24 nays, with four members not voting.

The session continued with Senate Bill 1103, which amends provisions related to the Supreme Court. This bill also received approval, passing with 39 ayes and 17 nays.

Lastly, Senate Bill 1115, concerning groundwater management, was presented. However, this bill faced opposition, resulting in a vote of 19 ayes to 37 nays, indicating a lack of support among the members.

In summary, the House Floor Session on April 28 saw the passage of key legislation on cryptocurrency and transportation, while groundwater management proposals faced significant challenges. The outcomes of these votes will shape future legislative actions and state policies in Arizona.