Arizona Makes Crypto History: HB2324 Greenlights Bitcoin Reserve Funded by Seized Assets—Now Awaits Governor’s Nod
Arizona just threw Wall Street a curveball—legislators passed HB2324 to build a state Bitcoin war chest fueled by confiscated crypto. No more dusty vaults stuffed with fiat—this is the Treasury 2.0 playbook.
How it works: The bill redirects seized digital assets (think drug busts, ransomware hauls) into a sovereign Bitcoin reserve. Forget bonds—Arizona's betting on Satoshi's ledger for long-term value storage. Cue institutional FOMO.
The catch? Governor's pen still needed. But with 2025's regulatory thaw, this could spark a domino effect—other states already eyeing similar moves. Sorry, gold bugs.
Finance jab of the day: Finally, a government fund that might actually outperform inflation—assuming they don't HODL like a degenerate trader during a bear market.