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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