When Bitcoin (BTC) holds its position as a global strategic asset, two US states, Texas and Arizona, have emerged as the leaders in the competition to establish the BTC strategic reserve.
The bill, SB 21 in Texas and SB 1373 in Arizona, are proposing these reserves. They made progress with incredible legislative support, And that approval appears to be imminent in the short term.
As reported by Cryptootics, the Texas project received strong support in the Senate and passed to the House of Representatives in an overwhelming vote. Potentially You were able to follow your legislative process without any major obstacles.
In Arizona, things don’t change that much. In that state, the project establishing a strategic Bitcoin Reserve was approved in the House of Representatives’ second reading And he put himself forward for a BTC Treasury career.
Currently, the final decision on the approval of BTC reserves in these jurisdictions is to the governors of both Texas Greg Abbott and Arizona Katie Hobbs.
His stance on Bitcoin, cryptocurrency and technology, inherent in this sector, is not only the fate of these initiatives; They were able to sit in the precedent of other countries in North America.
The above addresses doubts about what these governors said about Bitcoin. Whether they agree with the technology or not, each rubric will ultimately decide to form a strategic Bitcoin reserve, or even, If the proposal is approved by the Congress in Texas and Arizona.
Greg Abbott: Vocal Defender for Bitcoin and Innovation
Texas Governor Greg Abbott has been one of the most enthusiastic national leaders in supporting Bitcoin and cryptocurrency in the United States since 2015. His vision is clear. He hopes that Texas will be the epicenter of innovation in the sector. They reflect a firm commitment to this goal.
For example, in November 2022, Abbott said that Bitcoin represents the “vanguard of global innovation.” He further emphasized that Bitcoin mining is a positive activity for the state’s power grid, saying in 2024 Texas “should be the home of digital mining and cryptocurrency capital.”
Abbott’s support is not limited to words. During his term, Texas enforced policies To attract the cryptocurrency industryEspecially for Bitcoin Miners. In 2021, he celebrated X’s approval of the law recognizing BTC and cryptocurrency-specific technologies.
Therefore, Abbott maintains a position that aligns with a wider approach Promoting the “anti-regulatory agent” environment It drives innovation and economic growth in Texas.
It had Abbott’s interest in Bitcoin, so for a few months, Accept donations made at BTC. A message posted to the official website will address BitConnor audiences and encourage them to donate and contribute in this digital currency.
In this context, the SB 21 bill, approved by the Texas Senate on March 6, 2025, received five votes against 25 and five votes, representing an important step towards creating a strategic Bitcoin reserve. The project, proposed by Senator Charles Schwartner, seeks to position Texas as the first state to adopt Texas as the official financial asset of the Department of Treasury.
If the House approves it with the support it needs and Abbott signs it, Texas could be a pioneer in the area. Considering its history, Abbott’s Greenlight Abbott of this initiative is highly likelyin it we see a natural extension of its descriptomoned agenda.
Katie Hobbs: More modest position
Meanwhile, Arizona Governor Katie Hobbs has maintained a much lower profile in relation to Bitcoin and cryptocurrency since January 2023. Unlike Abbott, There is no specific official statement from Hobbs on these issues It leaves his position open to speculation as he has taken the position.
During the 2022 election campaign, his approach focused on priorities such as education, water management, and reproductive rights. It does not explicitly mention Bitcoin or cryptocurrency. As part of that platform.
The silence is in contrast to the environment previously favored Arizona’s cryptocurrency under Republican administrations, including Doug Ducey, who signed the law in 2017 and 2018. Recognise intelligent contracts and blockchain technology.
Now Hobbs’ actions say more than his own – and absent words. In April 2023, the governor rejected a bill in favour of Bitcoin mining. This is because they exonerated taxes to those who devoted themselves to the activities.
The Democratic governor has overridden the project under the argument of “overstopping” by limiting his ability to act as lawmakers and local governments. Addressing issues that can arise from digital mining. In a letter that he justified his veto, he explained that the proposal “describes the development of local policies as “” in terms of “” for new and potentially intensive economic activity.”
In any case, Arizona is not left in the Bitcoin Reserve race. They are completely different suggestions. The SB 1373 bill established the Strategic Reserve Fund for Digital Assets, and in fact, if approved in the House of Representatives for a second reading on March 10, 2025, it has made significant advances.
The project will limit investments in state funds’ 10% digital assets, allowing them to generate yields through loans. This is the third time I’ve read it to the Hobbs office. For your promulgation.
Another project, SB 1025, was also approved by the Senate on February 27, 2025, to allow public funds, including pensions, and to allow up to 10% investments in Bitcoin and other digital assets.
The lack of explicit comments on Hobbs creates uncertainty about whether these projects will be signed or rejected. Your history, when you reject the proposal in favor of digital mining, I was able to tilt it towards a cautious or regulatory stance.
However, strong legislative support in Arizona – reflected in votes such as 17-12 in SB 1373 – suggests that the pressure to adopt these measures is important, and Hobbs is important. You can choose not to interfere with trends that you think are broadly supported.
Texas and Arizona lead the race in the US.
The Texas and Arizona bills include more than 12 similar initiatives in states such as Oklahoma, Nuevo Hampshire and Florida. In Texas SB 21, Bitcoin’s clear approach has progressed as a strategic asset. Arizona at SB 1373 employs a broader vision that includes other digital assets. However, there are strict restrictions to mitigate financial risks.
Both states have crossed a critical stage in the legislative process, and their approval could trigger the country’s domino effect, especially under the federal administration of Donald Trump.
Lawmakers stormed the road, but Greg Abbott and Katie Hobbs have their last words. In Abbott’s case, signing SB 21 coincides with that speech Digital mining and cryptocurrency defense as an economic engine. For Hobbs, decisions are less predictable. I can opt for a practical approach and approve the law to avoid alienating it to cryptocurrency, or rejecting it if I consider the risk of other urgent priorities beyond the interests of the state.
Texas Y Arizona They are trying to make history with strategic Bitcoin reservationsand the governor’s position is critical. Abbott, along with his enthusiasm, appears to be ready to bring Texas to the forefront of the digital economy. The more modest Hobbs faces the intersection that defines Arizona’s course.
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