08.05.2025 14:03
Arizona has decided to establish a special reserve fund for unclaimed and seized cryptocurrency assets. The bill will allow for the preservation of cryptocurrency assets in their original form and enable qualified custodians to stake them for additional income. Following New Hampshire, Arizona is the second state in the U.S. to take this step, leading the way in crypto-friendly regulations.
As regulations in the cryptocurrency space gain momentum at the state level, Arizona has taken a significant step for cryptocurrency assets. The bill, which was enacted on Wednesday, aims to evaluate unowned crypto assets differently from traditional property frameworks.
The Cryptocurrency Reserve Movement is Accelerating in U.S. States
The House Bill 2749, which came into effect in the State of Arizona, protects cryptocurrency assets such as Bitcoin and Ethereum. It aims to preserve the market values of crypto assets by storing them in their original form.
With the new regulation, qualified custodians will be able to earn rewards or airdrops by staking their reserve assets. This approach will ensure that unowned cryptocurrencies are preserved in value rather than being immediately liquidated.
The statement said, "By preserving unowned crypto in its natural form and creating a tax-free Bitcoin and Digital Asset Reserve, we are modernizing our laws to reflect the position of crypto as the future of finance."
Arizona's move follows the strategic Bitcoin reserve bill (HB 302) approved by New Hampshire on Tuesday. New Hampshire's law grants the state treasurer the authority to invest up to 10% of the general fund in crypto assets with a market value exceeding $500 billion.
Notably, Arizona Governor Hobbs rejected a separate bill (SB 1025) last week that would allow the state treasurer and retirement systems to invest up to 10% of their funds in cryptocurrencies like Bitcoin. Hobbs stated at the time, "Arizona's retirement funds are not an appropriate place for Arizonans to experiment with untested investments like virtual currency."
According to data from Bitcoin Laws, in addition to New Hampshire and Arizona, several states, including North Carolina and Texas, are evaluating similar strategic reserve legislation. This indicates that cryptocurrencies are beginning to gain acceptance at the state level.