Arizona Drives Ahead with Bitcoin Reserve Bill

The Breakdown

Nathaniel Whittemore

Investing, Business

4.8 • 786 Ratings

🗓️ 30 April 2025

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Both houses of Arizona legislature have passed a Bitcoin Reserve Bill. The question now is whether the Governor will actually sign it. Meanwhile, bullish sentiment is coming back as BTC floats around $95,000. Sponsored by: ⁠⁠⁠⁠Crypto Tax Calculator⁠⁠⁠⁠ Accurate Crypto Taxes. No Guesswork. Say goodbye to tax season headaches with Crypto Tax Calculator: Generate accurate, CPA-endorsed tax reports fully compliant with IRS rules. Seamlessly integrate with 3000+ wallets, exchanges, and on-chain platforms. Import reports directly into TurboTax or H&R Block, or securely share them with your accountant. Exclusive Offer: Use the code BW2025 to enjoy 30% off all paid plans. Don’t miss out - offer expires 15 April 2025! Ledger Ledger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on ⁠⁠⁠⁠Ledger.com⁠⁠⁠⁠. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:18.2	What's going on, guys? It is Tuesday, April 29th, and today we are talking about Arizona's
0:23.6	Bitcoin Reserve Bill. Before we get into that, however, if you're enjoying the breakdown,
0:27.3	please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into
0:31.1	the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to
0:35.0	bit.ly slash breakdown pod.
0:40.8	All right, friends, exciting one to kick us off today.
0:44.4	Arizona has become the first state to pass a Bitcoin Reserve bill.
0:47.7	Now, the question is, will it make it off the governor's desk?
0:51.9	The state legislature passed the Arizona Strategic Bitcoin Reserve Act on Monday.
0:54.7	State Representative Jeff Weninger, one of the bill's sponsors, said, this bill basically takes the approach that probably 15 other states are considering
0:59.3	the same legislation nationwide that allows the treasurer to invest up to 10% into probably
1:03.9	mainly Bitcoin but other things as well. I think this probably would start as a May for the foreseeable
1:08.5	future, but as things continue to pivot towards Bitcoin
1:10.9	and these things, we would have that already in place in the future. However, the bill still faces
1:15.4	its toughest challenges lawmakers seek the signature of Governor Katie Hobbs to turn it into a law.
1:20.2	Republicans control a double majority in the legislature, but their views on Bitcoin clash
1:24.2	with the Democratic governor. Hobbs had previously said that she would veto all
1:28.0	bills until the state legislature passes, quote, serious bipartisan funding solutions that protects
1:32.8	health care for Arizonans with disabilities. The Republican legislature actually passed a bill
1:37.2	dealing with the issue last week, so hopefully the governor can now give the Bitcoin bill her
	...

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