Senate Engrossed public monies; investment; virtual currency State of Arizona Senate Fifty-seventh Legislature First Regular Session 2025 SENATE BILL 1025 An Act amending title 35, chapter 2, Arizona Revised Statutes, by adding article 2.2; relating to management of public monies. (TEXT OF BILL BEGINS ON NEXT PAGE)
Senate Engrossed public monies; investment; virtual currency
State of Arizona Senate Fifty-seventh Legislature First Regular Session 2025
SENATE BILL 1025
Senate Engrossed
public monies; investment; virtual currency
State of Arizona
Senate
Fifty-seventh Legislature
First Regular Session
2025
SENATE BILL 1025
An Act
amending title 35, chapter 2, Arizona Revised Statutes, by adding article 2.2; relating to management of public monies.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona: Section 1. Title 35, chapter 2, Arizona Revised Statutes, is amended by adding article 2.2, to read: ARTICLE 2.2. STRATEGIC BITCOIN RESERVE START_STATUTE35-331. Public monies; investment; virtual currency; reserves; definitions A. In addition to the investment authority in articles 2 and 2.1 of this chapter, a public fund may invest not more than ten percent of the public monies under its control in virtual currency holdings. B. If the United States secretary of the treasury establishes a strategic bitcoin reserve for the storage of government bitcoin holdings, a public fund may store the virtual currency holdings of the public fund in a secure SEGREGATED account within the strategic bitcoin reserve. C. for the purposes of this section: 1. "Public fund" means the state treasurer or a retirement system. 2. "Retirement system" means a retirement plan or system that is established by or pursuant to title 38. 3. "Virtual currency" means a digital representation of value that functions as a medium of exchange, a unit of account and a store of value other than a representation of the United States dollar or a foreign currency.END_STATUTE Sec. 2. Short title This act may be cited as the "Arizona Strategic Bitcoin Reserve Act."
Be it enacted by the Legislature of the State of Arizona:
Section 1. Title 35, chapter 2, Arizona Revised Statutes, is amended by adding article 2.2, to read:
ARTICLE 2.2. STRATEGIC BITCOIN RESERVE
START_STATUTE35-331. Public monies; investment; virtual currency; reserves; definitions
A. In addition to the investment authority in articles 2 and 2.1 of this chapter, a public fund may invest not more than ten percent of the public monies under its control in virtual currency holdings.
B. If the United States secretary of the treasury establishes a strategic bitcoin reserve for the storage of government bitcoin holdings, a public fund may store the virtual currency holdings of the public fund in a secure SEGREGATED account within the strategic bitcoin reserve.
C. for the purposes of this section:
1. "Public fund" means the state treasurer or a retirement system.
2. "Retirement system" means a retirement plan or system that is established by or pursuant to title 38.
3. "Virtual currency" means a digital representation of value that functions as a medium of exchange, a unit of account and a store of value other than a representation of the United States dollar or a foreign currency.END_STATUTE
Sec. 2. Short title
This act may be cited as the "Arizona Strategic Bitcoin Reserve Act."