The Arizona House Commerce Committee approved the Bitcoin Reserve Building SB1373 in a narrow 6-4 vote, resulting in a price increase of just 1.36% in the last 24 hours, CoinmarketCap data shows.
on: 🇺🇸The Arizona #bitcoin Strategic Reserve bill has passed the Commercial Commission.
Just two steps to get there✌️pic.twitter.com/0vft1j6r1o
– Crypto Rand (@crypto_rand) March 19, 2025
The vote marks an important step in Arizona’s efforts to integrate cryptocurrency into its financial framework, in line with the state’s growing interest in managing digital assets.
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The Bitcoin Reserve Building will proceed through the Arizona Legislature
The bill, originally introduced in the Senate, passed the legislative process relatively quickly. He reached this important stage in the House of Representatives after passing his third reading in the Senate on February 27th with 17-12 votes.
SB1373, sponsored by Republican Sen. Mark Finchem, aims to establish a “Digital Asset Strategic Reserve Fund,” managed by state treasurer. The fund consists of money allocated by Congress along with cryptocurrency assets seized by the state.
In particular, the bill includes safeguards to limit investment risk, preventing treasurers from allocating more than 10% of their total fund deposits into a fiscal year.
The act allows digital assets lending to potentially generate returns, provided that such activities do not increase the state’s financial exposure.
Arizona joins the push of national cryptograph
Arizona is currently chasing only Utah in US state races to establish a formal crypto-preparation investment policy.
While SB1373 is progressing, the Strategic Bitcoin Reserve Act (SB1025), another Bitcoin-related bill co-hosted by Republican Senator Wendy Rogers and Jeff Wehning, is also gaining momentum. Passed by the Senate by 17-11 votes, SB1025 takes a different approach by focusing on public fund investments in crypto assets.
Bitcoin price analysis shows mixed signals
Bitcoin traded at $83,622.77, a 13% drop in the last 30 days. Currently, the relative strength index (RSI) is at 44.54, showing neutral to slightly bearish momentum.
The downward slope of the RSI line suggests that Bitcoin is not particularly high at this time as of $85,356.
Related: Crypto Futures Branch Pass: Bitcoin Volume rises as it remains Ethereum and Solana
Meanwhile, the MACD indicator has recently been seen bullish divergence from a broken MACD line (blue) above the signal line (orange).
The MACD histogram also turns green, suggesting that it could be a higher price in the short term.
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