Arizona enacted a new law to secure the non -demanding digital assets and create a bitcoin reserve fund

Arizona issued a new law to create a digital asset reserve fund and Bitcoin assets aimed at securing non -required digital assets such as Bitcoin in its original form, after the former governor Katie Hobbs rejected the broader investment proposal.

The newly approved law, HB2749The state is allowed to custody for the digital assets, which are considered “abandoned” after three years of unsuccessful contact with its owners. These assets will now be transferred to the reserve box, ensuring that they are preserved and not to be filtered or transferred.

The move comes shortly after a year of New Hampshire similar legislation that allows the state to purchase bitcoin or other major encrypted currencies for public use. However, Arizona’s approach is still more careful.

The Governor Hobbes has previously achieved the veto against the Senate Driver 1025Which would have allowed government agencies to invest up to 10 % of their money in encrypted currencies, describing such investments as “tested”. On the contrary, HB2749 does not include any speculation investment – just keeping assets already in the possession of the state.

Actor Jeff Winger, Republican and Chairman of the Trade Committee in the House of Representatives said:

Arizona is now joining a growing list of American countries that realize the importance of Blockchain’s assets in public financial management with a measured organizational approach in its integration.

sources:

Arizona update:

HB 2749 was signed in the law, where he created the first coding reserves in AZ.

It does not allow investment, but it moves unnecessary assets, air voices, and bonuses in the reserve.

Important pic.twitter.com/betdd8gld

Bitcoin Laws (Pitcoin_laws) May 8, 2025