Arizona Legislature Passes Bitcoin-Forfeiture Reserve Bill: Will the Governor Approve?

Arizona lawmakers have approved House Bill HB2324, which, if Governor Katie Hobbs signs it, could become the state’s second law establishing a Bitcoin reserve. The bill creates a reserve fund for assets, including Bitcoin, seized through criminal asset forfeiture. This legislative shift responds to prior vetoes by avoiding direct state investment in digital assets. Instead, the bill focuses on placing forfeited assets into a reserve fund, introducing a new approach to cryptocurrency regulation in Arizona source: https://beincrypto.com/arizona-bitcoin-reserve-bill-hb2324/