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.

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.”

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.

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

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All Arizona Lottery retailers will redeem prizes up to $100 and may redeem winnings up to $599. For prizes over $599, winners can submit winning tickets through the mail or in person at Arizona Lottery offices. By mail, send a winner claim form, winning lottery ticket and a copy of a government-issued ID to P.O. Box 2913, Phoenix, AZ 85062.

To submit in person, sign the back of your ticket, fill out a winner claim form and deliver the form, along with the ticket and government-issued ID to any of these locations:

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Tickets can be purchased in person at gas stations, convenience stores and grocery stores. Some airport terminals may also sell lottery tickets.

You can also order tickets online through Jackpocket, the official digital lottery courier of the USA TODAY Network, in these U.S. states and territories: Arizona, Arkansas, Colorado, Idaho, Maine, Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New York, Ohio, Oregon, Puerto Rico, Washington D.C., and West Virginia. The Jackpocket app allows you to pick your lottery game and numbers, place your order, see your ticket and collect your winnings all using your phone or home computer.

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After a pair of All-American seasons with Michigan football, cornerback Will Johnson was a one-time projected top-five draft pick. But Johnson played in just six games for the Wolverines this past season, didn’t participate in the NFL Combine, nor was he able to display his skills in Michigan’s Pro Day. With the lingering injury concerns, Johnson’s draft stock dropped.

Johnson fell out of the first round of the 2025 NFL Draft, and had to wait a little while for his name to be called in the second round. But finally, with the 47th pick, the Arizona Cardinals took Johnson in hopes of him becoming a Patrick Peterson type player for Arizona.

After dropping so far, ESPN’s Matt Miller named Johnson as the best value pick in Round 2 of the draft.

Getting Johnson at this spot represented a 40-pick value based on my predraft rankings. Johnson fills the Cardinals’ biggest need and has true All-Pro potential. That isn’t usually found in Round 2. There are long-term injury concerns but the reward on this pick could be the highest of any in this class.

– Matt Miller

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After being selected, Johnson expressed his frustrations with falling in the draft. The Wolverines’ cornerback vowed that he was healthy and he would play with a chip on his shoulder. Johnson’s talent is undeniable. During Michigan’s national title run in 2023, Johnson was arguably the most dominant cornerback in college football. He shut down Ohio State’s Marvin Harrison Jr., and Washington’s Rome Odunze — two of the top playmakers in college football that year.

Assuming Johnson can stay healthy, he will prove to be the steal of the draft being selected with the 47th pick.

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