Arizona State Senate Advances Resolution to Explore Bitcoin ETFs In State Retirement Plans
- Arizona state Senate considers including Bitcoin ETFs in state retirement portfolios. - Resolution urges ASRS and PSPRS to explore potential inclusion of Bitcoin ETFs. - Requires submission of a comprehensive report on feasibility, risks, and benefits. - Passed in the state Senate with a 16-13 vote, now before the state House Ways and Means Committee for further examination. - CFTC Chair urges Congress to pass legislation addressing regulatory jurisdictions in the cryptocurrency industry. - Emphasizes need for broader congressional consideration and debate on important policy questions. - Highlights challenges posed by rapid evolution of markets, market structure, and technology. - Stresses the need for Congress to give the CFTC necessary authority to regulate digital assets properly and protect the US financial system.
