$BTC In a daring leap into the world of cryptocurrency, Arizona has embraced a groundbreaking law that transforms unclaimed property into digital treasures like Bitcoin ! On May 7, Governor Katie Hobbs proudly enacted House Bill 2749, positioning Arizona as the second state in the nation to establish a government-managed crypto fund.

This innovative initiative taps into unclaimed bank accounts, insurance payouts, and other forgotten resources—none of which draw from taxpayer wallets. Instead, these hidden assets will be converted into Bitcoin, safeguarded by trusted U.S. custody providers.

What’s remarkable is that Arizona's fund won’t engage in risky trades. No, it will preserve the crypto in its purest form, including airdrops and staking rewards, all with the noble aim of shielding state resources from the ravages of inflation while diversifying its financial strategy.

The momentum for this idea surged after a series of discussions around related bills earlier this year. Ultimately, it was only HB 2749 that triumphed, guided by the wisdom of experts from Coinbase who offered invaluable advice on the responsible management of digital assets.

Managed by the state treasurer, this reserve holds the promise of allowing Arizona to earn passive income through crypto-related rewards—a pioneering feat for any public fund in the U.S.

Though the market's response has been subdued thus far, other states are watching with keen interest. Arizona could very well be at the forefront of ushering in a transformative era of digital finance within government!#MastercardStablecoinCards