$WCT #WalletConnect @WalletConnect The state of Arizona adopts its second official law regarding Bitcoin reserves within one year

The Arizona House of Representatives passed Bill HB2324, which aims to create a government Bitcoin reserve funded by digital assets seized by authorities in the context of criminal cases. This law represents a qualitative leap in digital seizure policies, as it modifies the legal framework in the state to include cryptocurrencies, providing clear mechanisms for storing and managing them within approved and secure digital wallets.

The bill allocates the first $300,000 of seized assets to the Attorney General's office, while the remaining revenue is divided with 50% going to the Attorney General, 25% to the state general fund, and 25% to the Bitcoin reserve fund, enhancing the use of these resources in developing a more modern and sustainable digital financial infrastructure. A legislative battle ends with the approval of the second Bitcoin law in the state......