Arizona Enacts Law Allowing State Control of Unclaimed Cryptocurrency

Arizona’s new law grants state control over abandoned digital assets, including cryptocurrencies like Bitcoin. Governor Katie Hobbs signed HB 2749 into effect on May 7, 2025, paving the way for the state to take ownership of such assets. The bill designates unclaimed cryptocurrency for a dedicated fund, built without using taxpayer money. This follows Governor Hobbs’ veto of a broader proposal for investing public funds in Bitcoin.