Arizona got closer to the establishment of a bitcoin
Reserve fund after the statement of the State Senate in favor of the bill on its third reading.
The Senate of Arizona adopted the bill of Chamber 2324 (HB2324) during a vote of 16-14 Thursday, sending it to the Chamber for a final decision.
The legislation would update the laws of Arizona on confiscation, allowing the State to hold abandoned digital assets as un demanded property. He also creates a “bitcoin and digital assets reserve fund” to manage confiscated assets.
He follows the bill of the Chamber 2749 (HB2749), promulgated in April, which modified the non -claimed real estate executives to integrate digital assets.
The bill is distinct from Bill 1025 of the Senate (SB1025), which proposed to use funds seized to invest in the BTC. This exceeded house 31-25 before being opposed to Governor Katie Hobbs, who described the cryptocurrency as “not tested investment”.
The only state to have completed the legislative process for creating a BTC reserve is the New Hampshire. Like Arizona, a bill in Texas is also in its latest stages.
