The Arizona State Senate wants to add cryptocurrencies to the state pension fund.
Arizona State Senate, Arizona State Retirement System (ASRS) And Public Safety Personnel Retirement System (PSPRS) has accelerated its efforts to pave the way for people to add cryptocurrencies to their portfolios.
The first proposal on the subject was made at the end of February. 16-13 votes It was accepted. Now the proposal has been moved to a higher committee and is awaiting final approval. state first US Securities and Exchange Commission (SEC)) took action to pave the way for investments in this area after approving spot Bitcoin exchange traded funds (ETF).
If the resolution is adopted, ASRS and PSPRS provide information on the risk and potential benefits of spot Bitcoin ETF investments, including a list of options and recommendations on how the government can safely invest in the cryptocurrency sector. They will be asked to create a report.