The Arizona state legislature is on the brink of advancing the Bitcoin Mining Rights Bill, following a recent Senate vote that passed the measure 17 to 12.
On April 10, the state Senate gave its official endorsement to HB 2342, legislation designed to safeguard individuals operating nodes or mining digital currency from any zoning or usage limitations. This bill has now been forwarded to Governor Katie Hobbs for her approval.
Arizona’s Bitcoin Mining Rights Bill Poised for Final Approval
The provisions of Arizona HB 2342 “prohibit cities, towns, and counties from banning or restricting individuals from using computational power or running blockchain nodes in their own homes,” according to the amended text of the bill.
WATCH: Arizona Senate PASSES Bitcoin mining rights bill, by a vote of 17-12 https://t.co/S8YjYoTp3C pic.twitter.com/w8E00DXnkI
— Bitcoin Laws (@Bitcoin_Laws) April 10, 2025
Introduced in January by state Representative Teresa Martinez, the bill encompasses a broad definition of computational power, explicitly including activities related to mining and node operation. Additionally, HB 2342 addresses usages tied to artificial intelligence, cloud computing, and scientific research.
It is noteworthy that Governor Hobbs previously rejected another piece of legislation aimed at restricting municipalities from taxing cryptocurrency mining endeavors.
Arizona’s Growing Embrace of Cryptocurrency
The state is making gradual strides toward establishing a state-level cryptocurrency reserve, with two pivotal bills successfully navigating the House Rules Committee last month.
Having cleared their respective committees, these bills are now set to proceed to a full floor vote. If approved, Arizona may utilize seized cryptocurrency assets and allocate up to 10% of its treasury or retirement funds for potential investment in Bitcoin.
State Reserve Race Update: Arizona’s House Rules Committee passed both Bitcoin Reserve Bills (SB1373 and SB1025), ruling them “constitutional and in proper form.” The bills have now passed their assigned committees, meaning they should be headed for a full floor vote. pic.twitter.com/suuxXCifP3
— Bitcoin Laws (@Bitcoin_Laws) March 24, 2025
Furthermore, the newly proposed legislation permits the lending of these assets for generating returns, provided that financial risks remain controlled.
Despite this positive legislative momentum, the bills may encounter significant challenges at the executive level. Governor Katie Hobbs, a member of the Democratic Party, has vetoed 22% of the bills that reached her desk in 2024, turning down 73 out of 330 measures. This suggests that nearly one in five bills that successfully passed through both legislative chambers have ultimately been blocked.
The post Arizona Senate Officially Passes Bitcoin Mining Rights Bill, Awaits Governor’s Approval appeared first on Cryptonews.
