According to Odaily, legislators in Arizona have introduced a bill that would permit the investment of public funds in Bitcoin and other digital assets. The Arizona Senate Finance Committee approved the bill on January 27 with a 5-2 vote. The proposed legislation, known as SB1025 or the 'Arizona Strategic Bitcoin Reserve Bill,' was co-sponsored by Wendy Rogers and Jeff Weninger. It allows the state to invest up to 10% of public funds, including those held by the state treasurer and retirement systems, in cryptocurrencies like Bitcoin. Additionally, the bill includes provisions for storing digital assets in secure segregated accounts within a potential federal strategic Bitcoin reserve, should the U.S. Treasury Secretary establish such a reserve for government assets.