Arizona Becomes First State to Manage Unclaimed Crypto Assets

Arizona has taken a pioneering step in cryptocurrency management, becoming the first state in the U.S. to actively hold unclaimed digital assets like Bitcoin. Governor Katie Hobbs signed House Bill 2749 into law, granting the state control over cryptocurrencies abandoned for at least three years. The bill establishes a Bitcoin Reserve Fund to capture airdrops and staking rewards from these assets. This innovative approach allows Arizona to secure these assets in their original form rather than liquidating them, positioning it as a leader in digital asset regulation.