The Arizona House of Representatives has approved a bill creating a digital asset reserve fund, which now awaits the governor’s signature. Senate Bill 1373 details how seized digital assets will be managed by the state treasurer and outlines how funds will be allocated. Governor Katie Hobbs has indicated she intends to veto legislation until a disability funding resolution is settled, potentially delaying the bill’s implementation. However, Arizona Senator Mark Finchem, sponsor of SB 1373, believes the bill will ultimately pass. Crypto advocate Julian Fahrer predicts potential amendments or integrations with related proposals as the process progresses. This move marks a significant shift in Arizona’s approach to digital assets and reflects a growing trend among US states seeking to integrate cryptocurrencies into public finance strategies.