New Arizona Law Establishes Official Bitcoin Reserve for the State
Arizona has passed a law establishing a “Bitcoin and Digital Assets Reserve Fund,” allowing the state to hold unclaimed digital assets like Bitcoin in their native form.
The move follows Governor Katie Hobbs’ earlier veto of a broader crypto investment bill. Opting instead for a more cautious approach that permits only the custody of abandoned assets. Under the new law, digital assets deemed abandoned after three years of failed owner contact can be transferred to the reserve fund.
Supporters argue this ensures the state retains value from modern assets. Reflecting crypto’s growing role in the present economy.
Clever Robot News Desk 10th May 2025
