US EditionGov. Katie Hobbs signs bill to create Bitcoin reserve days after vetoing other cryptocurrency legislation
- On May 7, 2025, Arizona’s governor approved legislation establishing a state-controlled digital asset reserve fund.
- The bill comes after Governor Hobbs vetoed legislation that proposed allowing public retirement funds to include investments in cryptocurrencies, citing concerns over market volatility and fiduciary responsibility.
- HB 2749 updates unclaimed property laws to permit the state to retain unclaimed digital assets in native form, allowing staking to generate value under qualified custodians.
- The law presumes digital assets inactive for three years as abandoned, requires the state to take custody of them without liquidating into cash, and establishes a special fund overseen by the State Treasurer to manage these cryptocurrency and digital holdings.
- Arizona has become the second state in the U.S. To establish official legislation governing the management of digital assets, positioning itself to lead advancements in public finance while carefully managing associated risks.
25 Articles
25 Articles
Arizona Becomes Second State To Establish Strategic Bitcoin Reserve
Arizona has made history by becoming the second state in the U.S. to create a Strategic Bitcoin Reserve. On Thursday, Governor Katie Hobbs signed House Bill 2749 into law, officially launching the Arizona Bitcoin & Digital Assets Reserve, a pioneering move that channels profits from unclaimed property into Bitcoin and other top-tier digital assets. The bill outlines several key features: Redirection of unclaimed-property profits toward Bitcoin a…
Arizona Passes HB2749, Establishing a Bitcoin Reserve Fund and Custody of Unclaimed Digital Assets - Bitcoinsensus
Arizona passes HB2749, establishing a Bitcoin reserve fund and custody of unclaimed digital assets for staking and airdrops. The initiative, led by House Commerce Committee Chairman Jeff Weninger, was signed into law by Governor Katie Hobbs, making Arizona the first state to establish Bitcoin reserve and crypto custody legislation.
Arizona Passes Bill to Establish Bitcoin Reserve Fund
Arizona passes House Bill 2749, creating a Bitcoin reserve fund with unclaimed digital assets and staking rewards. Governor Hobbs vetoes Senate Bill 1025, rejecting Bitcoin investments for pension and treasury funds. Arizona’s approach is more passive compared to New Hampshire’s direct investment in Bitcoin reserves. Arizona has officially signed House Bill 2749 into law, creating a state-managed Bitcoin and Digital Assets Reserve Fund. The stat…
Arizona Governor Enacts Law for State Crypto Reserve - Blockchain & Cryptocurrencies Tabloid
Arizona establishes a state-managed Bitcoin and digital assets reserve with Governor Katie Hobbs' approval, focusing on unclaimed property for crypto accumulation. The post Arizona Governor Enacts Law for State Crypto Reserve appeared first on Blockchain & Cryptocurrencies Tabloid.
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