Arizona moved nearer to establishing a bitcoin
reserve fund after the state’s Senate voted in favor of the invoice at its third studying.
Arizona’s Senate handed Home Invoice 2324 (HB2324) in a 16-14 vote on Thursday, sending it again to Home for a last determination.
The laws would replace Arizona’s legal guidelines on forfeiture, permitting the state to carry deserted digital property as unclaimed property. It additionally creates a “Bitcoin and digital property reserve fund” to handle the forfeited property.
It follows Home Invoice 2749 (HB2749), enacted in April, which amended unclaimed property frameworks to combine digital property.
The invoice is distinct from Senate Invoice 1025 (SB1025), which proposed utilizing seized funds to put money into BTC. That handed the Home 31-25 earlier than being vetoed by Governor Katie Hobbs, who referred to cryptocurrency as an “untested funding.”
The one state to have accomplished the legislative course of for making a BTC reserve is New Hampshire. Like Arizona, a invoice in Texas can be in its last phases.
