Arizona Officially Launches Its First Bitcoin Reserve Fund, What are the Future Prospects?

Updated

May 9, 2025

Gambar Arizona Officially Launches Its First Bitcoin Reserve Fund, What are the Future Prospects?

Jakarta, Pintu News – Arizona has officially launched its first Digital Asset and Bitcoin Reserve Fund by signing House Bill 2749. The move comes after New Hampshire became the first state to establish a Bitcoin reserve through House Bill 302. The bill does not allow for new investments, but rather regulates the management of unclaimed digital assets.

Check out the full information below!

Katie Hobbs Signs Bill 2749

🚨 Days after vetoing SB 1025, which would have let Arizona invest public funds & seized crypto into Bitcoin, Gov. Katie Hobbs (D) signs HB 2749, a scaled-down version that funds a BTC reserve using unclaimed crypto, airdrops, and staking rewards.

Great achievement 👏 https://t.co/moKlOnhB8z
— matthew sigel, recovering CFA (@matthew_sigel) May 8, 2025

The Governor of Arizona, Katie Hobbs, signed Bill 2749 on May 7 after previously vetoing Arizona’s Strategic Bitcoin Reserve Bill, Senate Bill 1025. This veto decision was based on concerns over the volatility of digital assets and their unsuitability for state-backed pension system investments.

However, Bill 2749 is designed to address those concerns by not allowing new investments, but rather only regulating unclaimed digital assets. The bill is part of a broader legislative effort in Arizona. Two other bills, Senate Bill 1373 and House Bill 2324, are also under consideration.

Senate Bill 1373 proposed the establishment of a Digital Asset Strategic Reserve Fund managed by the state treasurer, while House Bill 2324 which aimed to create a reserve for seized digital assets, failed in its final reading.

Also read: Stripe Launches Stablecoin Accounts in Over 100 Countries, Check out the Benefits!

Texas Bitcoin Reserve should be one vote away.

TX legislature adjourns on 6/2, so we should should know within ~3 weeks at the latest. https://t.co/iytSSNrWmo
— Julian Fahrer (@Julian__Fahrer) May 8, 2025

Outside of Arizona, several other states in the United States are also developing cryptocurrency-related legislation. For example, the Texas Strategic Bitcoin Reserve Bill (SB 21) was recently approved by the Senate and will soon have a floor vote. This shows there is growing momentum for crypto initiatives at the state level.

In Oregon, Governor Tina Kotek has signed bill SB167 into law. Meanwhile, in Florida, proposals for a Bitcoin Reserve Fund through House Bill 487 and Senate Bill 550 failed to advance. These failures highlight the ongoing debates and challenges in regulating and adopting digital assets at the state level.

Crypto Asset Management in Arizona

OREGON Update:

Huge win in OR today, as SB 167 was signed into law.

The bill updates the state's Uniform Commercial Code to provide much needed clarity on how digital assets are treated e.g. legally recognized as collateral.

Big milestone for adoption. pic.twitter.com/aTzbwgwIyw
— Bitcoin Laws (@Bitcoin_Laws) May 8, 2025

While some states face obstacles, Arizona’s move represents significant progress in the integration of cryptocurrencies into the state’s financial system.

Initiatives like Bill 2749 show a more cautious and structured approach to managing digital assets, which may be a model for other states looking to follow suit.

The management of unclaimed digital assets through a dedicated reserve fund offers an efficient way for states to secure the value of unused assets. It also marks an important step in the official acceptance and recognition of the economic value of cryptocurrencies as part of state assets.

Conclusion

With various legislative efforts underway, the future of cryptocurrencies at the state level looks set to continue to evolve. Arizona, with Bill 2749, has set a strong foundation for the responsible and structured management and utilization of digital assets.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference