Crypto Law Profile
Arizona SCR 1033 would encourage ASRS and PSPRS to monitor Bitcoin and digital asset ETFs, consult approved ETF firms where possible, consider portfolio implications, and report on feasibility, risks and benefits.
Arizona SCR 1033, State retirement systems; digital assets, is a 2026 Senate Concurrent Resolution in the Arizona Legislature. As of June 11, 2026, it remained a pending resolution, not an enacted statute. The latest reported action was a March 25, 2026 House Ways & Means Committee do-pass vote, with the measure pending in House Rules.
The resolution concerns the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS). Its stated purpose is to support potential use of digital assets by those systems, primarily through Bitcoin and other digital asset exchange-traded funds. Because the text is framed as a concurrent resolution, the profile treats SCR 1033 as a legislative policy measure rather than operative investment authority.
SCR 1033 encourages ASRS and PSPRS to monitor developments in Bitcoin ETFs and other digital asset ETFs. The measure also asks the systems to consider the implications of including such assets in their investment portfolios after, to the extent possible, consulting with firms approved by the U.S. Securities and Exchange Commission to offer a digital asset ETF.
The resolution’s background clauses cite the growth of digital assets, institutional interest in spot Bitcoin ETFs, and the SEC’s January 2024 approval of spot Bitcoin exchange-traded product listings. Those clauses provide policy context, but they do not themselves determine whether a retirement system should make any investment or how fiduciary duties should be applied.
For CryptoSlate’s law-tracking purposes, the most relevant legal issue is not direct custody of crypto assets. SCR 1033 focuses on exchange-traded products as the possible vehicle for exposure. That distinction matters because ETFs are securities products traded through regulated markets, while the underlying assets may raise separate questions about volatility, custody, market integrity, disclosure, and federal securities regulation.
SCR 1033 was introduced in the Arizona Senate on January 27, 2026. The Senate Government Committee reported the resolution do pass on February 4. The Senate passed the measure on third reading on February 25 by a 16-11 vote, with three members not voting, and transmitted it to the House the same day.
In the House, the measure was read for the first time and assigned to Rules and Ways & Means on March 2, then read a second time on March 3. On March 25, the House Ways & Means Committee reported the resolution do pass by a 5-3 vote. As of this profile’s verification date, the measure had not been reported as passed by the House or transmitted as finally adopted.
SCR 1033 should be read narrowly. It would encourage monitoring, analysis, consultation, and a report; it would not, by itself, create a crypto reserve, mandate a portfolio allocation, authorize a specific purchase, or replace existing fiduciary and investment-governance standards applicable to Arizona retirement systems.
The requested report would address the feasibility, risk, and potential benefits of directing a portion of state retirement system monies into digital asset ETFs. It would also include options and recommendations for how Arizona might safely invest in the digital asset class. The report would be sent to the State Treasurer’s office, the Senate President, and the House Speaker at least three months before the beginning of the Fifty-eighth Legislature, First Regular Session.
Encourages ASRS and PSPRS to monitor Bitcoin and other digital asset ETFs and consider portfolio implications.
Calls for consultation, where possible, with firms approved by the SEC to offer digital asset ETFs.
Encourages the systems to consider whether a digital asset ETF should be included in investment portfolios.
Requests a report on feasibility, risks, benefits, options and recommendations for state retirement system monies exposure.
SCR 1033 was introduced in the Senate and read for the first time.
Senate Government Committee reported Do Pass by a 4-3 vote.
Senate third reading passed 16-11-3 and the measure was transmitted to the House.
House first reading; assigned to Rules and Ways & Means.
House Ways & Means Committee reported Do Pass by a 5-3 vote.
Arizona State Retirement System, Arizona State Treasurer, Public Safety Personnel Retirement System, U.S. Securities and Exchange Commission
Bitcoin, Digital assets, Exchange-traded funds
As of June 11, 2026, SCR 1033 remains a pending concurrent resolution, not an enacted statute. This profile treats it as a bill/resolution for tracking and avoids characterizing it as investment authority.
