🔥 The state of Arizona in the USA passes a Bitcoin reserve bill in the Senate.

🔥 The Arizona State Senate approved the bill "HB2324", which establishes a government fund to hold seized digital assets, including Bitcoin, under the supervision of the state treasurer.

🔥 The legislation defines three mechanisms for managing these assets:

Storage and selling or holding them based on market conditions.

🔥 The law allocates the revenues, starting with $300,000 for the Attorney General's Office, and distributing the remainder among the Attorney General, the general fund, and the digital assets fund.

🔥 It also allows for the investment of digital assets for the benefit of the state.

🔥 The bill had stalled after a previous rejection in the House of Representatives, but it was reintroduced and passed by a narrow majority.

🔥 This comes in the context of an active legislative trend in the state towards regulating digital assets, despite Governor "Katie Hobbs" vetoing several similar bills.

🔥 Conversely, several bills have been signed that include regulating cryptocurrency ATMs and establishing another fund for digital assets under the bill "HB2749".