Arizona Governor Katie Hobbs signed House Bill 2749, a bill that allows for the integration of cryptocurrencies into the state's unclaimed property system. Thus, Arizona became the second U.S. state to adopt a crypto reserve law, following New Hampshire. The bill was presented by Representative Jeff Weninger. The law will enable the establishment of a "Crypto Reserve Fund." This fund will include unclaimed digital assets planned for future use with the approval of the legislature. Additionally, it allows for the staking of cryptocurrencies in these reserves to earn rewards or airdrops.
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Arizona Governor Katie Hobbs signed House Bill 2749, a bill that allows for the integration of cryptocurrencies into the state's unclaimed property system. Thus, Arizona became the second U.S. state to adopt a crypto reserve law, following New Hampshire. The bill was presented by Representative Jeff Weninger. The law will enable the establishment of a "Crypto Reserve Fund." This fund will include unclaimed digital assets planned for future use with the approval of the legislature. Additionally, it allows for the staking of cryptocurrencies in these reserves to earn rewards or airdrops.