Arizona & Oregon Lead the Way: New Bitcoin Reserve Laws Spark Market Reaction

Arizona and Oregon have taken significant steps toward mainstreaming cryptocurrency by enacting new Bitcoin reserve laws, marking a pivotal shift in state-level digital asset regulation. The move comes as Bitcoin’s price surged past $100,000, fueled by these landmark legislative actions. Governor Katie Hobbs played a key role in pushing forward Arizona’s HB 2749, which utilizes unclaimed crypto assets to establish a state-managed Bitcoin reserve. This legislation allows custodians to stake these assets for rewards, bolstering Arizona’s digital asset holdings. Experts believe this action could significantly impact the future of cryptocurrency regulation and adoption across the country.