Arizona Makes Crypto History: House Approves Bitcoin Reserve Fund Fueled by Seized Digital Assets
Arizona just fired a warning shot across the bow of traditional finance—using criminals' crypto to back the state's Bitcoin reserves.
The bill—passed by the state House—could turn seized digital assets into a bullish case study for institutional crypto adoption. No more letting confiscated Bitcoin gather dust in evidence lockers.
Here's the kicker: While Wall Street hedge funds debate ETF allocations, Arizona's cutting straight to the chase—monetizing the 'ill-gotten gains' of crypto bad actors to fortify its treasury. Ironic, isn't it? The very assets regulators love to hate might now underpin government financial strategy.
One question remains: When will the SEC realize even politicians see more value in Bitcoin than their endless enforcement actions?
