Arizona Prepares for First State Cryptocurrency Reserve: One Vote Away

Arizona is on the brink of becoming a pioneer in state-run cryptocurrency management, as legislation to establish a digital asset reserve fund moves closer to final approval. SB 1373, currently awaiting one crucial House vote before reaching Governor Katie Hobbs for her signature, outlines the creation of a Digital Assets Strategic Reserve Fund. This fund will be managed by the state treasurer and utilize assets collected through criminal investigations.