Arizona Pioneers State-Level Bitcoin Reserve Fund with New Legislation
Arizona has taken a significant step toward integrating cryptocurrencies into state financial systems with the signing of House Bill 2749 by Governor Katie Hobbs. This groundbreaking legislation establishes a Bitcoin and Digital Assets Reserve Fund, marking one of the first state-level initiatives to formally manage unclaimed digital assets. The bipartisan bill updates Arizona’s unclaimed property laws to address the rising prominence of virtual currencies, authorizing the state to seize dormant crypto holdings after three years of inactivity. This development reflects growing institutional recognition of digital assets and could set a precedent for other states exploring cryptocurrency integration. The creation of a dedicated reserve fund demonstrates Arizona’s forward-thinking approach to blockchain technology and its potential role in public finance. As of May 2025, this move positions Arizona as a leader in cryptocurrency adoption among U.S. states, potentially influencing Bitcoin’s mainstream acceptance and long-term valuation. The legislation’s implementation will be closely watched by both crypto advocates and policymakers seeking to balance innovation with consumer protection in the digital asset space.
Arizona Establishes Bitcoin and Digital Assets Reserve Fund Under New Law
Arizona Governor Katie Hobbs has signed House Bill 2749 into law, authorizing the state to seize unclaimed digital assets—including cryptocurrencies—after three years of inactivity. The bipartisan legislation updates Arizona’s unclaimed property statutes to accommodate the growing prevalence of virtual currencies.
The bill establishes a dedicated Bitcoin and Digital Assets Reserve Fund, managed under legislative oversight, for future appropriations. "Digital assets aren’t the future—they’re the present," emphasized House Commerce Committee Chairman Jeff Weninger, the bill’s sponsor. This move positions Arizona as a forward-looking jurisdiction in crypto asset management.
Bitcoin Price Finally Approaches $100K After Almost 100 Days, New ATHS Soon?
Bitcoin is once again making headlines, climbing over 3% in the past 24 hours and currently trading near $99,200. The much-awaited $100,000 milestone is now within striking distance, and market sentiment suggests the breakthrough could happen imminently.
Technical indicators show growing trading volume, signaling genuine market interest. While bearish divergences and bull traps are being discussed, a decisive move past $102,000 would likely invalidate these concerns, confirming a breakout from the current sideways trend.
Bitcoin Nears $100K as Trump Teases ‘Big’ Trade Deal
Bitcoin surged toward the $100,000 mark early Thursday amid speculation over a potential tariff deal announcement by former President Donald Trump. The rally reflects improving macroeconomic conditions, including falling bond yields, a weaker dollar, and renewed institutional inflows into spot Bitcoin ETFs.
Trump’s planned news conference at 10 a.m. ET is expected to unveil a trade agreement with a "big, highly respected country," believed by some reports to be the U.K. Tariff reductions could ease inflationary pressures, creating a more favorable environment for crypto and high-beta assets.
Bitcoin has climbed over 5% in the past 24 hours, extending its weeklong upward trajectory. The cryptocurrency’s momentum underscores its growing role as a macroeconomic hedge amid shifting trade policies and monetary conditions.
Donald Trump Holds a Lot of Bitcoin, Reveals Eric Trump at TOKEN2049
Eric Trump, speaking at the TOKEN2049 event in Dubai, disclosed that he and former President Donald Trump hold significant amounts of Bitcoin, referring to it as "digital gold." He expressed a bullish outlook on BTC’s long-term potential, though no specific figures were shared. This revelation aligns with Donald Trump’s increasing pro-crypto stance, including his desire for the U.S. to leverage cryptocurrency as a competitive advantage against China.
Trump has previously praised Bitcoin’s resilience during market downturns, noting its outperformance compared to traditional financial markets. The remarks underscore a growing trend of high-profile endorsements for Bitcoin as a strategic asset.
Bitcoin Nears $100K as Trump Trade Deal Speculation Fuels Rally
Bitcoin surged to $99,000 early Thursday, its highest level since February, as markets reacted to President Trump’s暗示 of a potential U.S.-UK trade agreement. The rally brings BTC within striking distance of its March all-time high, with traders now eyeing the psychological $100,000 milestone.
The Federal Reserve’s decision to maintain rates at 4.25%-4.50% provided additional tailwinds. Chair Powell acknowledged market uncertainty but emphasized underlying economic strength. Analysts note a growing ’Trump put’ sentiment in crypto markets, though blockchain data firm Nansen cautioned that current Optimism may outpace fundamental支撑.
