🔥 Arizona Governor Katie Hobbs has signed HB 2749 into law, which creates a state digital asset fund, including a share of BTC.
📌 Key details:
— The fund is managed by the state treasury
— Income is generated through airdrops, staking, and interest
— Arizona has become the second state after New Hampshire to officially recognize BTC as part of the financial infrastructure
— Hobbs previously vetoed a more radical law on investing pension money in crypto
📊 This is a moderate but important step: Bitcoin gets a place in state finances, albeit without direct purchases.
Follow the next states — crypto reserves in the US are becoming the new norm.