Arizona Creates Strategic Bitcoin Reserve for Unclaimed Digital Assets

Arizona has taken a groundbreaking step by enacting legislation establishing a Strategic Bitcoin Reserve Fund to manage unclaimed digital assets. This initiative allows the state to hold these assets in their original form, paving the way for potential financial growth. Governor Hobbs signed House Bill 2749 into law, creating a framework that ensures Arizona can benefit from crypto without increasing taxes or government size. The legislation creates a clear process for identifying, managing and securing abandoned digital assets, including various cryptocurrencies. Arizona is now the first U.S. state to do so.