Arizona Moves Closer to Creating Bitcoin Reserve as Bill Passes Final Senate Vote

Arizona Moves Closer to Creating Bitcoin Reserve as Bill Passes Final Senate Vote

HB2324 would update Arizona's laws on forfeiture, allowing the state to hold abandoned digital assets as unclaimed property.

Arizona Lawmakers Review Bitcoin Reserve Bill: Will it Pass the House This Time?

Is Arizona Senate Bold Bitcoin Move a Signal of Shifting State Strategies? Here Is All

Key Insights: Arizona Senate revives HB2324 to manage seized crypto assets, with Senate passing it by a narrow 16–14 vote. HB2324 directs digital asset liquidation proceeds: first $300K to AG, then 50% AG, 25% state fund, 25% crypto reserve. Bitcoin hovers at $104,738 with realized profits under $1B, signaling a neutral market and ongoing consolidation. Arizona has brought House Bill 2324 (HB2324) back to life after its narrow passage in the Se…

Arizona Revives Bitcoin Reserve Bill For Seized Crypto

Arizona, one of the first states to establish a Bitcoin (BTC) reserve, has revived a failed crypto legislation seeking to update the state’s forfeiture law to include digital assets. Arizona Lawmakers Reconsider Failed Bitcoin Reserve Bill The Arizona State Senate voted to revive a Bitcoin reserve bill that failed to pass the House of Representatives’ third reading last month. On Thursday, the Senate voted 16-14 in favor of the motion to reconsi…

Arizona Edges Closer To Building Bitcoin Reserve From Seized Crypto As Revived Bill Passes In Senate

Arizona lawmakers revived and voted to advance House Bill 2324 (HB 2324), a proposed legislation to create a state-managed reserves fund for Bitcoin and other cryptocurrencies seized through criminal forfeiture. The bill, which is now cleared to head to the House for the final vote, passed the Senate on Thursday in a narrow 16-14 vote. The legislation failed a final vote in the House in May and was returned to the Senate for revisions. If passed…