Although Arizona's SB373 bill is still awaiting Governor Katie Hobbs' signature, it has become the first Bitcoin strategic reserve bill in U.S. history to be jointly passed by both chambers of the state legislature.

The governor has up to 5 business days to decide whether to sign, veto, or allow it to pass by default. However, since Governor Hobbs previously vowed to veto all bills due to funding issues in the Department of Developmental Disabilities, SB373 faces the risk of being vetoed. If vetoed, the legislature would need a two-thirds majority to override it, which is quite challenging.

Currently, BTC prices are not very volatile, with low turnover rates and cautious investor sentiment. The $83,000 support zone is weakening, while the support between $93,000 and $98,000 is more solid. Market focus is about to shift to the GDP data to be released on the 30th.

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