Bitcoin News

Bitcoin Reserve: US States Arizona Passes BTC Law, Texas Joins Race

Published by

U.S. states are accelerating efforts to establish strategic Bitcoin reserves, with Texas recently advancing the SB 21 bill to a floor vote. This move follows Arizona’s recent passage of legislation to create its own Bitcoin reserves. Since Donald Trump’s victory last year, Bitcoin has gained prominence, with many states showing a growing interest in integrating the asset into their financial systems.

Advertisement

Bitcoin Reserve Becomes Priority for US States

This week has been eventful as US states have taken the call to build Bitcoin reserves. In the last 48 hours, two states  – New Hampshire and Arizona – enacted a law to build their strategic BTC reserve. Interestingly, one has a Republican governor and the other has a democratic governor, with Bitcoin being a common uniting force with a larger goal.  Now, with Texas joining the race, crypto industry veteran Gary Cardone noted:

“GAME THEORY IGNITED! Tic Tok. We have one clean decision by NH, then reversal from Arizona Gov, next is Texas who hasn’t done anything Big since Big Oil and Gas!”

However, not every US state has joined the Bitcoin party. Earlier this week, Florida decided to dump its BTC Reserve plans, with rumors of Arizona also working on a similar decision. However, Arizona lawmakers seem to have a change of heart at the last moment. With the signing of House Bill 2749 into law, House Commerce Committee Chairman Jeff Weninger passed the BTC law with bipartisan support. He wrote:

“Digital assets aren’t the future—they’re the present. This law ensures Arizona doesn’t leave value sitting on the table and puts us in a position to lead the country in how we secure, manage, and ultimately benefit from abandoned digital currency. It’s exactly the kind of policy we should be leading on—modern, precise, and built with an understanding of where technology and finance are heading.”

Advertisement

BTC Eyes $100K Breakout

The Bitcoin price continues to inch forward, gaining another 2.3% and moving past $99,000, as US States make big announcement on Bitcoin reserves. A breakout above $100K levels will set the stage for its rally to fresh all-time highs.

Bitcoin surged by nearly $3,000 following China’s announcement of a ¥1 trillion economic stimulus injection.. On the other hand, the US Federal Reserve has kept interest rates unchanged at 4.25-4.5%, for the third consecutive time, after the Jan and March meetings earlier this year.

Advertisement

Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Published by

Recent Posts

  • 24/7 Cryptocurrency News

Bank of America, Citigroup and Goldman Sachs Explore Issuing Stablecoins Pegged to G7 Currencies

A group of major world banks is working on a new stablecoin tied to G7…

October 10, 2025
  • Bitcoin News

Breaking: Bitcoin Falls After Trump Threatens ‘Massive’ Increase in Tariffs on China

U.S. President Donald Trump sparked panic in the crypto market after threatening to massively increase…

October 10, 2025
  • Bitcoin News

Breaking: $8 Trillion Morgan Stanley Opens Bitcoin Investments to All Wealth Clients

Morgan Stanley, which manages $8 trillion in assets under management (AuM), plans to allow all…

October 10, 2025
  • 24/7 Cryptocurrency News

Bitget Strengthens On-Chain Rewards Push With Early Hunter Airdrop Launch

Bitget has launched the fourth phase of its Early Hunter Airdrop, featuring BinanceLife (币安人生) and…

October 10, 2025
  • 24/7 Cryptocurrency News

Fed’s Chris Waller Reiterates Support for Rate Cuts but Urges Caution On Pace

Fed Governor Chris Waller has again expressed support for additional Fed rate cuts. However, he…

October 10, 2025
  • Ethereum News

Tom Lee’s Bitmine Immersion (BMNR) Adds Another $103M ETH to its Ethereum Stash

Bitmine Immersion, the largest Ethereum treasury company, quietly added another 23,823 ETH to its total…

October 10, 2025