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Arizona Goes Full Bull: State Legislature Greenlights Bitcoin Reserve Bill—Now Awaits Governor’s Blessing
Arizona Goes Full Bull: State Legislature Greenlights Bitcoin Reserve Bill—Now Awaits Governor’s Blessing
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Arizona just took a chainsaw to traditional finance norms. The state legislature passed a bill allowing Bitcoin as a reserve asset—putting it one signature away from becoming the latest US jurisdiction to embrace crypto at the institutional level.
Why it matters: This isn’t just symbolic. If signed, Arizona could start parking treasury funds in BTC, hedging against dollar debasement like a micro-El Salvador. Cue the Wall Street eye-rolls about ’volatility’ while they quietly adjust their own balance sheets.
What’s next: All eyes on the governor’s desk. Approval would cement Arizona’s status as a crypto-forward state—rejection? Let’s just say the Bitcoin Twitter mob has sharper pitchforks than short sellers.
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