US EditionArizona S.B. 1649 Fact Sheet Highlights Crypto Plan
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The Arizona Senate moved forward with the creation of a state digital asset reserve fund following the passage of Senate Bill 1649, promoted by Senator Mark Finchem. The Senate Finance Committee endorsed it on February 16 with a vote of 4–2–1, and on February 23 the Senate Rules Committee enabled it to consider it in plenary. The bill would authorize Arizona State Treasurer to guard, invest and lend confiscated or transferred digital assets to t…
Arizona Senate Advances Bill to Establish State Digital Asse
Arizona Senate advances a bill to create a state-managed digital asset reserve fund. The reserve would hold and actively manage cryptocurrencies like Bitcoin and NFTs. Continue Reading:Arizona Senate Advances Bill to Establish State Digital Asset Reserve Fund The post Arizona Senate Advances Bill...
Arizona Advances Bill to Create State Digital Asset Reserve Bitcoin News ETHNews
Arizona’s Senate Bill 1649 (SB1649) has cleared the Senate Rules Committee and has been placed on the consent calendar, moving it closer to a full Senate vote. The proposal would establish a state-managed Digital Assets Strategic Reserve Fund designed to hold and oversee certain digital assets. The advancement signals continued legislative interest in formalizing how the state handles crypto-related holdings. What the Bill Would Create SB1649 pr…
Arizona Bill Proposes State Reserve Fund Including XRP and DigiByte
Arizona is breaking the mold again with an interesting approach, at least for XRP Ripple holders. While other states are tentatively exploring Bitcoin, a bold proposal in the Grand Canyon State aims to establish a digital asset reserve fund that specifically includes XRP and DigiByte. Supported by several lawmakers, the proposal aims to broaden the state’s holdings beyond a single dominant asset. Rather than converting these assets into dollars …
Arizona advances bill to hold Bitcoin and XRP in state reserve
Lawmakers in Arizona have taken a significant step toward formalizing state-level engagement with digital assets by advancing legislation that would create a Digital Assets Strategic Reserve Fund, allowing the state to hold, invest and potentially lend seized cryptocurrencies. Arizona senate…
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