Arizona's House Rules Committee cleared two Strategic Bitcoin Reserve (SBR) bills for a full vote in the House of Representatives.
The state governor, Katie Hobbs, is known for vetoing Republican legislation, leading to speculation of a potential block of the bills.
Senate Bill 1373 proposes the establishment of a strategic digital assets reserve funded by seized digital assets, while SB 1025 focuses specifically on Bitcoin investments.
Other US states, including Oklahoma and Texas, are also pursuing SBR legislation, with Arizona currently leading the race.