BiyaPay Analyst: US State Government to Include Bitcoin in Fiscal Bill, Solidifying Cryptocurrency's Potential as "Digital Gold"

Blockbeats
04-29

BlockBeats News, April 29th, the Arizona State Legislature passed the "Bitcoin Strategic Reserve Bill" (SB 1025 and SB 1373), becoming the first in the U.S. to promote Bitcoin's inclusion in its financial reserves at the state level. If the bill is ultimately enacted (the final vote results will be announced by May 6th), it may signify a key turning point in the integration of crypto assets with the traditional financial system and provide a template for global governments to allocate digital asset reserves.

The core breakthrough of the bill is to authorize the state government to allocate a portion of its financial funds to Bitcoin reserve assets. Despite the initial scale being limited, its symbolic significance far exceeds the actual amount—this is the first time that the store of value property of Bitcoin has received official endorsement from a local government, marking a historic leap for cryptocurrency from a "regulated entity" to a "strategic reserve tool."

Market analysis points out that the bill has signaled a shift in the interaction mode between the U.S. government and crypto assets from passive regulation to active integration, which may in the long term inject an "institutional dividend" into the industry. At the same time, Arizona's practice may trigger a Bitcoin reserve competition among states and even sovereign nations, further solidifying its "digital gold" status. Currently, the crypto community is closely watching the progress of the bill's final vote, and if smoothly implemented, it may become a fresh starting point for cryptocurrencies to integrate into the mainstream financial system.

BiyaPay, as the world's first multi-asset transaction wallet showcasing unique value, has now connected 30 fiat currencies with 200 cryptocurrencies for instant exchanges. Users can participate directly in the U.S. stock/Hong Kong stock market 1:1 through USDT for USD exchange, with Maker spot/contract trading at zero fees.

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