Arizona passes HB 2749: The first cryptocurrency reserve account
Title: Arizona Establishes the First Cryptocurrency Reserve Fund
On May 8, information from Arizona legislative records indicated that Bill HB 2749 has officially been signed into law by the governor. This is an important step, marking the establishment of the state's first cryptocurrency reserve fund.
This reserve fund is not intended for investment but to receive unclaimed cryptocurrency assets, staking rewards, and airdrops. These assets will be maintained in their original form. This is a significant experiment in managing public finance of cryptocurrency in the United States.