- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Arizona Establishes Bitcoin Reserve Fund with HB 2749
By: cryptosheadlines|2025/05/08 14:45:01
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Arizona has officially launched its first Bitcoin and Digital Asset Reserve Fund by signing House Bill 2749 into law. The bill does not authorize new investments. Instead, it focuses on handling unclaimed digital assets.This comes shortly after New Hampshire’s passage of HB 302, making it the first state to create a Bitcoin (BTC) reserve.Arizona Governor Signs HB 2749 After Vetoing Strategic Bitcoin Reserve ActGovernor Katie Hobbs signed HB 2749 on May 7 after vetoing Senate Bill 1025, the Arizona Strategic Bitcoin Reserve Act. She cited concerns over the volatility of digital assets and their unsuitability for state-backed retirement system investments. However, HB 2749 addresses these investment concerns. “Days after vetoing SB 1025, which would have let Arizona invest public funds and seized crypto into Bitcoin, Gov. Katie Hobbs (D) signs HB 2749, a scaled-down version that funds a BTC reserve using unclaimed crypto, airdrops, and staking rewards,” VanEck’s Head of digital assets research, Matthew Sigel, noted.HB 2749 permits the state to claim ownership of abandoned digital assets if the owner does not respond to communications within three years. Once the state assumes control of these assets, its custodians may stake the crypto to earn rewards or receive airdrops. Any rewards earned through staking or airdrops will be transferred to a newly created Bitcoin and Digital Asset Reserve Fund, allowing the state to manage these unclaimed assets and their earnings.“This law ensures Arizona doesn’t leave value sitting on the table and puts us in a position to lead the country in how we secure, manage, and ultimately benefit from abandoned digital currency. It’s exactly the kind of policy we should be leading on—modern, precise, and built with an understanding of where technology and finance are heading,” Bill’s sponsor, Representative Jeff Weninger, said.Arizona’s legislative efforts extend beyond HB 2749. Two additional bills, SB 1373 and HB 2324, are under consideration. SB 1373 proposes a Digital Assets Strategic Reserve Fund in Arizona, managed by the state treasurer. The fund includes appropriated funds and seized digital assets, which a qualified custodian will securely store. The bill allows the state to invest up to 10% annually and loan digital assets for returns, with no added financial risks.Meanwhile, HB 2324, which aimed to create a reserve for forfeited digital assets, failed its final reading on May 7. Nonetheless, it is subject to a motion for reconsideration.Other states are also advancing cryptocurrency legislation. Texas’s Strategic Bitcoin Reserve Bill (SB 21) recently passed the Senate and is headed to a floor vote, signaling growing momentum for state-level crypto initiatives. “Texas Bitcoin Reserve should be one vote away. TX legislature adjourns on 6/2, so we should know within ~3 weeks at the latest,” Julian Fahrer, founder of Bitcoin Laws, highlighted.In Oregon, Governor Tina Kotek signed SB167 into law.“The bill updates the state’s Uniform Commercial Code to provide much needed clarity on how digital assets are treated e.g. legally recognized as collateral. Big milestone for adoption,” Bitcoin Laws posted.Despite these states’ progress in embracing digital assets, Florida’s Bitcoin Reserve proposals, HB 487 and SB 550, have failed to move forward. The lack of progress highlights the ongoing debates and challenges surrounding regulating and adopting digital assets at the state level. While some states are making strides, others face hurdles in integrating cryptocurrency into their financial systems.DisclaimerIn adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.Source link
You may also like
Who is the true winner of the "Tokenization" narrative?
Virtually everyone benefits, but the reason for the benefit, the timing, and the underlying logic are completely different.
Moss: The Era of AI-Traded by Anyone | Project Introduction
AI Trading Agent is rapidly growing its infrastructure.
Chip Smuggling Case Exposes Regulatory Loophole | Rewire News Evening Update
AI chips have become a strategic asset more sensitive than missiles
How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Ritmex demonstrates how disciplined risk control and structured signals can make an AI crypto trading bot more stable and reliable on WEEX, highlighting the importance of combining execution discipline with scalable AI trading systems.
Old Indicator Fails, Three Major New Signals Emerge: BTC True Bottom May Still Be Below $60K
When the grocery shopping auntie on the subway, or Tony the hairdresser, start asking you about BTC, crypto, and cryptocurrency investments, selling immediately will be the only best option.
Meeting OpenClaw Founder at a Hackathon: What Else Can Lobsters Do?
Imperial College London MetaGame: AI Agent × Web3 Landing Three Major Directions.
Huang Renxun's Latest Podcast Transcript: NVIDIA's Future, Embodied Intelligence and Agent Development, Soaring Demand for Inferencing, and AI's PR Crisis
The future of competition is not only about whose model is bigger, whose computing power is stronger, but also about who understands the industry better, who can more deeply integrate AI into real processes, and who can organize these capabilities into a set of executable, scalable systems
How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Crypto_Trade shows how structured inputs and controlled adaptability can build a more stable and reliable AI crypto trading bot within the WEEX AI Trading Hackathon, highlighting a practical path toward scalable AI trading systems.
AI Starts to Devour the Manufacturing Industry | Rewire News Morning Edition
When Bezos starts using AI to buy factories instead of building data centers, it shows that he believes the next wave of AI's value is not inside the box.
When Scaling Meets Speed, Ethereum Foundation Introduces "Hardness" to Safeguard the Base Layer
Hardness is a protocol-level commitment to Ethereum core properties, including censorship resistance, privacy, security, and permissionlessness.
Google, Circle, Stripe Flock Together to Let AI Spend Money: Payment Giants' Joys and Worries in 2026 Q1
The real enemy is no longer each other, but zero cost itself
$100 Billion Factory Purchase: Bezos and Middle Eastern Capital Shift AI Money from Cloud to Shop Floor
Bezos doesn't invest in a new model; he invests in a supply chain.
Xiaomi and MiniMax both unleash their ultimate moves, signaling the start of the Agent Pricing War.
No brand, no marketing, let developers vote with their feet in 8 days
Predicting markets has taken the spotlight, but the Perp DEX has been quietly waging war on traditional exchanges.
During a weekend of relentless volatility, while traditional financial markets were closed, another wave of investors was busy trading gold, oil, and silver on a blockchain platform.
Is the Market Slump Still Making Millions a Day? Is pump.fun's Revenue Real?
If it's really that profitable, what's keeping $PUMP's price down?
Understanding x402 and MPP in One Article: The Two Paths of Agent Payments
x402 for in-protocol payments, MPP for off-chain payments
Quick Look at the Latest 18 Graduation Projects from Alliance: Who's the Next Pump.fun?
The project's core innovation areas include stablecoin payments, AI applications, prediction markets, and RWA tokenization.
It's not just the prediction market that profits from the Iraq War
Always maintaining the ambiguity of regulation with "offshore" may be the consensus of the perp DEX.
Who is the true winner of the "Tokenization" narrative?
Virtually everyone benefits, but the reason for the benefit, the timing, and the underlying logic are completely different.
Moss: The Era of AI-Traded by Anyone | Project Introduction
AI Trading Agent is rapidly growing its infrastructure.
Chip Smuggling Case Exposes Regulatory Loophole | Rewire News Evening Update
AI chips have become a strategic asset more sensitive than missiles
How a Structured AI Crypto Trading Bot Won at the WEEX Hackathon
Ritmex demonstrates how disciplined risk control and structured signals can make an AI crypto trading bot more stable and reliable on WEEX, highlighting the importance of combining execution discipline with scalable AI trading systems.
Old Indicator Fails, Three Major New Signals Emerge: BTC True Bottom May Still Be Below $60K
When the grocery shopping auntie on the subway, or Tony the hairdresser, start asking you about BTC, crypto, and cryptocurrency investments, selling immediately will be the only best option.
Meeting OpenClaw Founder at a Hackathon: What Else Can Lobsters Do?
Imperial College London MetaGame: AI Agent × Web3 Landing Three Major Directions.
App