From Cointelegraph

June 19, 2025 11:59:00 pm:

Arizona’s Bitcoin reserve bill, House Bill 2324, has been revived after the Senate voted 16-14 in favor of reconsideration. The bill would create a “Bitcoin and Digital Assets Reserve Fund” to manage forfeited digital assets. Republican Senator Jane Shamp filed the motion for reconsideration. If passed, the bill would split Bitcoin reserve funds between different departments.

HB 2324 must receive a majority vote from the 60 Arizona House members for approval. The bill outlines that the first $300,000 worth of digital assets in criminal forfeitures would go to the Attorney General’s office. Any amount over that would be divided between the Attorney General, the state general fund, and the new digital assets reserve fund. Sponsored by Republican Senator Jeff Weninger, the bill expands Arizona’s forfeiture laws to include digital assets.

Governor Katie Hobbs signed HB 2749 into law on May 7, allowing Arizona to keep unclaimed crypto and establish a Bitcoin reserve fund. The fund won’t use taxpayer money or state funds. Custodians can stake the crypto to earn rewards or receive airdrops, which would then be deposited into the “Bitcoin and Digital Assets Reserve Fund.” However, Hobbs vetoed Senate Bill 1025 and SB 1373, citing concerns about exposing retirement funds to the volatility of virtual currency markets.

Read more at Cointelegraph: Arizona Senate Revives Bitcoin Reserve Bill