It has been stated in a news that the Arizona state lawmakers has pass a bill allowing the state to invest up to 10% of public funds into digital assets including bitcoin.
For me I see this steps that Arizona state took as a very good one, for it will motivate other states in the US to do same and bitcoin will gain more adoption, and with the look of things I think Arizona state is the first state that has taken this great steps in US.
The chance was there, but Katie Hobbs did not release it, there was a veto from her. On X a small shitstorm and slogans like “have fun staying poor” can be read again and again. The reason is that bitcoin is untested, this is wrong, bitcoin has been running manipulation-free for many, many years. The price is much higher than at the beginning and the miners are strong, the hashrate is rising. Nothing will change in arizona with this decision, but the world continues to look to america and i hope we will see which state will made the first bitcoin reserve. I think, unofficially some will already bought bitcoin.