Arizona approves Bitcoin fund using seized crypto, not taxpayer money, via HB2324 bill.
HB2324 avoids prior vetoes by limiting crypto reserves to criminal forfeiture assets.
If signed into law, the bill would mark Arizona’s second major crypto reserve legislation.
Arizona has enacted HB 2324, a bill that creates a Bitcoin and Digital Assets Reserve Fund, consisting solely of seized cryptocurrencies obtained through criminal asset forfeiture proceedings. The bill passed the House of Representatives on a 34-22 vote on June 24, 2025, following Senate passage on a 16-14 vote on June 19, and is awaiting signature by Governor Katie Hobbs to take effect.
The law avoids straight investment by taxpayers using only funds won from criminal cases instead of state money or treasury funds. This approach avoids the complications that led Governor Hobbs to veto previous Bitcoin reserve bills, SB1373 and SB1025, which would have allowed direct state investment in cryptocurrency holdings using public funds.
JUST IN: Arizona passes 'Bitcoin Reserve' bill HB2324.
The bill creates a reserve for assets obtained through criminal asset forfeiture.
If signed by Governor Hobbs, i…
The post Arizona Passes Criminal Asset Forfeiture Bitcoin Reserve Bill After Previous Veto Setbacks appeared first on Coin Edition.
