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The Arizona House of Representatives has taken another step toward integrating cryptocurrencies into state governance—approving a bill that would establish a special reserve fund for digital assets, financed exclusively through crypto assets seized during criminal investigations.

Bitcoin in the State Treasury: Arizona Moves Toward a Pioneering Step
On Tuesday, the HB 2324 bill passed in the Arizona House with a vote of 34 to 22. This legislative proposal, which previously failed in a May vote, now gets a second chance. If signed by Governor Katie Hobbs, it will become law.
The bill outlines the creation of a “Bitcoin and Digital Assets Reserve Fund”, to be managed by the state treasurer. The fund would be fully financed with cryptocurrencies and other digital assets seized as part of criminal cases.
HB 2324 would become the second crypto-related law passed in Arizona in 2025—following HB 2749, signed by Governor Hobbs in May, which allows unclaimed crypto assets to be held in native form and directs staking rewards to the state crypto fund.

Rules for Seizure and Use of Cryptocurrencies
The new bill also amends asset forfeiture laws to explicitly include digital assets such as Bitcoin, stablecoins, and other cryptocurrencies. It outlines detailed protocols for seizure, custody, and liquidation, with proceeds distributed among:
🔹 law enforcement agencies

🔹 the state treasury

🔹 and the new digital asset reserve fund.
The first $300,000 from any forfeited crypto asset would be directed to the Attorney General’s office, while the rest would be divided between the treasury and the fund.

Policy Shift or Another Veto?
Lawmakers reintroduced the bill through procedural motions after it initially failed to pass on May 7. The Senate narrowly approved it last week by a 16–14 vote, paving the way for Tuesday’s House decision.
The spotlight now shifts to Governor Hobbs. Although she previously vetoed Senate Bills 1025 and 1373—which proposed investing state funds in Bitcoin and establishing state-managed digital reserves—she also signed legislation aimed at tightening crypto regulations, such as HB 2387, which focuses on crypto ATM oversight and anti-fraud efforts.
Whether she signs HB 2324 remains to be seen. One thing is clear: Arizona is steadily positioning itself as a forward-thinking state, seriously exploring the practical use of cryptocurrencies in public finance.

#Arizona , #CryptoNewss , #BitcoinReserve ,#DigitalAssets , #bitcoin

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The U.S. Senate has taken another step toward establishing clear regulations for the cryptocurrency sector. Led by Senator Tim Scott, the Senate Banking Committee has released a set of core principles for the upcoming CLARITY Act, aimed at defining rules for digital assets, enhancing investor protections, and modernizing the approach of regulatory bodies.

💼 Aiming for a Clear Legal Framework

The newly released principles, published by the Subcommittee on Digital Assets, are intended to guide the development of the actual legislative text. A top priority for lawmakers is to clearly distinguish between digital asset securities and digital asset commodities, ensuring legal certainty across the crypto industry.

🧭 Dividing Responsibilities Among Agencies

One of the central elements is the division of regulatory authority between key institutions—primarily the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Instead of creating a new all-powerful regulator, the law would assign responsibilities based on asset types.

⚙️ Modernizing Rules for the Digital Era

The Senate also aims to update outdated financial rules to reflect technological advancements like blockchain. The SEC would gain new powers to oversee digital fundraising more flexibly, and registration requirements for crypto startups could be simplified.

🔒 Protecting Investors and Preventing Financial Crime

The upcoming law is expected to safeguard customer funds during crypto firm bankruptcies, impose new risk-management and registration requirements on centralized platforms, and establish clear anti-money laundering and sanction compliance rules for digital assets.

🚀 Encouraging Innovation and Crypto Access for Banks

The CLARITY Act will also push federal agencies to foster innovation by providing clear guidelines that confirm banks and financial institutions are permitted to engage in crypto-related activities.
A promising development is that the Federal Reserve has already taken the first step by removing the "reputational risk" factor that previously discouraged banks from working with crypto firms.

#Regulation , #SEC , #DigitalAssets , #Cryptolaw , #CryptoNews

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“