🚨BITCOIN IN STATE COFFERS ?
On May 7, 2025, Arizona Governor Katie Hobbs signed into law a potentially landmark bill in the public management of cryptocurrencies.
Without fanfare, the state now allows the taking of cryptocurrencies abandoned for at least three years. These assets will then be transferred—in their native form—to a Bitcoin and crypto reserve fund, under the aegis of the State Treasurer.
Arizona thus becomes the second U.S. state, after New Hampshire, to recognize Bitcoin as a strategic asset that can strengthen its long-term fiscal stability.
HB 2749 gives orphaned cryptocurrencies a home🤣🤣
The law, sponsored by Representative Jeff Weninger and passed unanimously, regulates the management of cryptocurrencies considered abandoned. If a holder fails to respond to requests for three years, the state can claim custody of the assets, without converting them into dollars. But the originality of the text goes further: it authorizes the state to stake these assets to generate passive income or receive airdrops.
The profits thus obtained will be transferred to the Bitcoin and Digital Assets Reserve Fund, a fund independent of traditional public finances, without taxpayer contributions.