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BTCC / BTCC Square / Global Cryptocurrency /
Arizona Establishes State-Managed Fund for Unclaimed Crypto Assets

Arizona Establishes State-Managed Fund for Unclaimed Crypto Assets

Author:
Global Cryptocurrency
Published:
2025-05-08 05:58:01
20
3

Arizona Governor Katie Hobbs has signed House Bill 2749 into law, authorizing the creation of a state-managed reserve fund for unclaimed digital assets, including airdrops and staking rewards. The move positions Arizona as the second U.S. state, following New Hampshire, to formalize a framework for holding cryptocurrencies.

The decision comes shortly after Governor Hobbs vetoed the Arizona Strategic Bitcoin Reserve Act, which would have permitted state treasury investments in crypto. The newly enacted legislation is budget-neutral, emphasizing fiscal prudence while acknowledging the growing role of digital assets in modern finance.

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