Connect with us

Arizona

Arizona Lawmakers Approve Complementary Bitcoin, Crypto Bills – Decrypt

Published

on

Arizona Lawmakers Approve Complementary Bitcoin, Crypto Bills – Decrypt


Arizona lawmakers have passed two related bills that could make the state a leader in state-level government cryptocurrency investing, provided they are signed into law by Governor Katie Hobbs.

The Arizona House passed Senate Bill 1025 on its third reading. Formally known as the “Arizona Strategic Bitcoin Reserve Act,” the House approved it 31-25-4 on Monday.

S.B. 1373, a companion bill establishing a “Digital Assets Strategic Reserve Fund,” passed with a 37-19-4 vote in the House on the same day.

The Arizona Senate passed both bills earlier on February 27. After passing both chambers without amendments, the bills await formal transmittal to Governor Hobbs’ desk.

Advertisement

Both bills establish Arizona’s approaches to its proposed state crypto holdings. SB1025 focuses exclusively on Bitcoin as an investment asset, while SB1373 creates infrastructure for managing various digital assets.

A separate proposal to include Bitcoin ETFs in the state’s retirement plan portfolio for government workers was introduced in March. Arizona also advanced a bill earlier this month to protect Bitcoin miners and blockchain node operators.

SB1025: Arizona Strategic Bitcoin Reserve Act

SB1025 defines how the state manages its public monies, from sources such as the state treasury and pensions.

The bill also mandates that if the U.S. Secretary of the Treasury establishes a Strategic Bitcoin Reserve to store the government’s Bitcoin, the state of Arizona “may store” its public fund’s virtual currency holdings in a “secure, segregated account within the Strategic Bitcoin Reserve.”

Advertisement

SB1025 would amend Arizona law to let the state treasurer and retirement systems invest up to 10% of public funds in virtual currencies, specifically Bitcoin.

SB1373: Digital Assets Strategic Reserve Fund

SB1373, meanwhile, establishes a fund to hold “monies appropriated by the legislature and digital assets that are seized by this state,” including those obtained through criminal proceedings.

For SB 1373, funds allocated from a legislative appropriation do not automatically expire or “lapse” at the end of the fiscal year, as Arizona law typically requires.

The fund may hold digital assets, such as Bitcoin, stablecoins, and NFTs, which the State Treasurer would manage through approved custody solutions.

Funding priorities

If the two bills are approved, Arizona could be the first state to fully integrate crypto into its finances, following similar proposals from other states.

Advertisement

The bills still need the governor’s approval, which has been at risk because of previous budget negotiations and partisan tensions.

“Any bill not already on my desk will be vetoed,” Governor Hobbs warned on X earlier this month, citing how “extreme Republican legislators” are holding funding for constituents with disabilities “hostage to their political theater.”

While a budget dispute appeared to have been resolved last Friday, Hobbs has not made any official statement concerning SB1025 and SB1373.

Arizona’s press office did not immediately return Decrypt’s request for comments.

Edited by Sebastian Sinclair

Advertisement

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

Arizona

Arizona lawmakers propose statewide air conditioning standards for rental units

Published

on

Arizona lawmakers propose statewide air conditioning standards for rental units


PHOENIX — A newly introduced bill, SB 1608, would establish statewide temperature requirements for rental properties in Arizona, requiring landlords to keep units below 82 degrees.

The legislation, introduced by state Sen. Lauren Kuby alongside Attorney General Kris Mayes, comes after several documented air conditioning outages in apartment complexes across the Valley during extreme heat last summer.

The Attorney General’s office stepped in after a person died and another was hospitalized while living in a Phoenix complex that had a broken AC system.

While Phoenix and Tucson already have local laws requiring temperatures to stay under 82 degrees in rental units, it’s not statewide.

Advertisement

“It’s leading to illness and death and we need to take action,” Kuby said. “There’s a lot of good actors in the area landlords who do the right thing, but there are bad actors too, who are not cooling their rental units appropriately.”

The bill not only contains the temperature requirement, but also shortens the time allotted to get AC fixed or provide a temporary solution from five days down to two days before a tenant could break their contract. It would also prevent evictions in the hottest parts of the summer.

“Landlords can provide accommodations, so that can be putting somebody up in a different unit of the multifamily complex, or they could put somebody in a hotel or they could bring in a window air conditioner,” Kuby said.

The Arizona Multihousing Association said in a statement that Arizona property owners take safety seriously and already have clear legal guidelines and remedies if they aren’t followed.

“We remain committed to working with lawmakers and stakeholders to ensure policies that balance the needs of renters and property owners without creating unintended consequences for the Arizona housing market.”

Advertisement

This story was reported on-air by a journalist and has been converted to this platform with the assistance of AI. Our editorial team verifies all reporting on all platforms for fairness and accuracy.





Source link

Continue Reading

Arizona

Deregulation and budget cuts threaten clean air; lawmaker wants to amend Arizona Constitution

Published

on

Deregulation and budget cuts threaten clean air; lawmaker wants to amend Arizona Constitution


The perpetual brown cloud engulfed downtown Phoenix for nearly four months out of the year. It blurred the skyline, polluting the view out of Dennis Hoffman’s office window just a few miles away in Tempe. The economics expert said that while Phoenix a couple of decades ago was never as bad as Los Angeles, recent steps to address pollution have improved the city’s air quality.

One of the agencies that made that change possible, the Arizona Department of Environmental Quality, is facing cuts as the state scrambles to comply with federal legislation commonly called the Big Beautiful Bill. The Trump administration’s Environmental Protection Agency will on Thursday begin to rescind the 2009 “endangerment finding,” which allows for the regulation of greenhouse gases.

Amid the rollback of federal environmental regulations and state funding cuts, Sen. Lauren Kuby (D-Tempe) introduced a green amendment to the Arizona Constitution. Announced at Environmental Day at the Capitol on Wednesday, the amendment would enshrine access to clean air, clean water and a healthy environment as a constitutional right for all Arizonans.

“In this moment in this country, Arizona’s environmental protections are not just weak, they’re moving backwards,” Kuby said. “By passing this amendment, Arizona voters will lead on environmental protection to show that a healthy environment is a fundamental right, just like free speech or religious expression.”

Advertisement

Metro Phoenix struggles with air quality because it is situated in a valley, according to Sandy Bahr, a member of the Grand Canyon chapter of the Sierra Club. Air pollution gets trapped by the mountains and settles over Phoenix and its suburbs. Bahr said people want to live where air is healthy to breathe.

“Here in the greater Phoenix area, we have very poor air quality,” Bahr said. “If they make those kinds of cuts, then we are going to be out of compliance with the Clean Air Act, and there may actually be implications from an economic perspective as well.”

Poor air quality can cause a number of diseases, including asthma and heart problems, according to health experts. Arizona is subject to cross-pollution from other states that compound the issue.

Sen. Lauren Kuby

/

Advertisement

Handout

Sen. Lauren Kuby (D-Tempe) introduced a green amendment to the Arizona Constitution in a press conference at the Environmental Day at the Capitol in Phoenix on Feb. 11, 2026.

D. J. Portugal is the director of operations at Chispa Arizona, an organization that focuses on empowering members of the Latino community to advocate for cleaner air and water in the communities worst impacted by climate change.

“Corporations, for the longest time, were able to just do whatever they want and pollute the air and create products that polluted the air, and it wasn’t an issue because the policymakers lived on a side of town that wasn’t zoned for that type of production and air pollution, so they were cool in their communities,” Portugal said. “We want our communities to also be safe to breathe in, because it’s literally our lives on the line.”

The repeal of the endangerment finding would deregulate greenhouse gases, allowing corporations to decide the amount of greenhouse gases are acceptable to release into the atmosphere.

“It’s really the corporate polluters that are responsible for the bulk of, in this case, air pollution,” Portugal said. “If there’s no regulatory standard that they have to adhere to. They have no incentive, right? Their incentive as a corporation is just to make money.”

Advertisement

The specific area most likely to see cuts in ADEQ in the is the local agency on air quality monitoring, according to Hoffman, who is the director of the Center for Competitiveness and Prosperity Research at the L. William Seidman Research Institute at the W. P. Carey School of Business at Arizona State University.

Jennifer Allen, chair of the Pima County Board of Supervisors, said that introducing new protections for clean air and water has been an “uphill battle” at the state Legislature.

“We need the facts, we need data, which is what air quality monitoring provides, and it ensures then that regulators know when to step in and put some limits on polluting industries,” Allen said. “It helps set better policies to protect our air.”

For more stories from Cronkite News, visit cronkitenews.azpbs.org.

Advertisement





Source link

Continue Reading

Arizona

Arizona State Secures Win Over Utah to Boost Tournament Case

Published

on

Arizona State Secures Win Over Utah to Boost Tournament Case


TEMPE — The Arizona State Sun Devils (20-6, 7-6 Big 12) took down the Utah Utes (16-9, 7-6) to complete the season sweep by a score of 71-61 on Wednesday night at Desert Financial Arena in Tempe.

Advertisement

The Sun Devils are coming off of a narrow 67-64 loss to Baylor on Saturday, while Utah lost to Iowa State in a tightly contested game as well.

Advertisement

Arizona State went into the night in need of a victory to stay on the right side of the NCAA tournament bubble, as they are largely considered a “last four in team” – defeating Utah for a second time would serve as an impeccable profile-booster as far as a tournament case goes.

Follow key aspects of the game below with Arizona State on SI.

Advertisement

ASU Sun Devils forward McKinna Brackens 921) fights for a loose ball with Kansas State Wildcats guard Taryn Sides (11) at Desert Financial Arena in Tempe on Feb. 1, 2026. | Joe Rondone/The Republic / USA TODAY NETWORK via Imagn Images

First Half

Arizona State took a 15-11 lead into the second quarter behind impressive efforts from forwards Heloisa Carrera and McKinna Brackens.

Arizona state was outscored in the second quarter 19-18, but still took a 33-30 advantage into halftime behind a balanced scoring effort from the starting unit.

Advertisement

Utah’s Lani White was a standout in the first half of action – scoring 12 points in the first 20 minutes, serving as a catalyst for a Utah offense that took time to get into a groove.

Advertisement

Second Half

The Sun Devils started out the third quarter with a 16-13 advantage when guard Marley Washenitz knocked down a three-point look to gift the team a 52-43 lead which resulted in a Utah timeout with 1:23 remaining in the half.

Advertisement

The 52-43 lead stuck around for the remaining minute of the quarter, although Utah managed to cut into the deficit in the first four minutes of the fourth quarter.

In the end, Arizona State’s defense, a late scoring surge by guard Gabby Elliot, and a strong team-wide effort from behind the three point line ensured a win.

Advertisement

Key Performances

  • Gabby Elliott – 19 PTS, 5 REB, 4 STL

  • McKinna Brackens – 14 PTS, 6 AST, 3 BLK

  • Heloisa Carrera – 12 PTS, 5 REB, 2 AST

What’s Next

Arizona State is set to hit the road for two games – this begins with a trip to face the Arizona Wildcats on Saturday, and concludes with taking on Iowa State on February 18. The Sun Devils likely need to win three or more games to ensure that they are in the tournament field come mid-March – it seems as if they are ready to take on that challenge.

Advertisement

Read more on the bold strategy that head coach Bobby Hurley employed with comments on 1/21 here, and on why Arizona State may have saved the season with the win over Cincinnati on Saturday here..

Advertisement

Please let us know your thoughts when you like our Facebook page when you click right here.

Please follow us on X when you click right here, as well as @khicks_21 for nonstop Arizona State coverage!

Advertisement



Source link

Continue Reading
Advertisement

Trending