Arizona becomes second US state to enact crypto reserve bill
Powered by @unfolded- Arizona has enacted House Bill 2749, establishing a crypto reserve fund for unclaimed virtual assets, making it the second U.S. state to do so after New Hampshire.
- The bill allows qualified custodians to stake reserve assets for rewards and aims to modernize Arizona's unclaimed property framework to include crypto assets.
- Governor Katie Hobbs recently vetoed another bill that would have allowed state retirement funds to invest in cryptocurrencies, emphasizing caution regarding untested investments.
- Other states, including North Carolina and Texas, are also considering similar legislation to create strategic reserves for digital assets.
https://www.theblock.co/post/353552/arizona-becomes-second-us-state-to-enact-crypto-reserve-bill