4 hours ago
Arizona moved person to establishing a bitcoin BTC reserve money aft the state's Senate voted successful favour of the measure astatine its 3rd reading.
Arizona's Senate passed House Bill 2324 (HB2324) successful a 16-14 ballot connected Thursday, sending it backmost to House for a last decision.
The authorities would update Arizona's laws connected forfeiture, allowing the authorities to clasp abandoned integer assets arsenic unclaimed property. It besides creates a "Bitcoin and integer assets reserve fund" to negociate the forfeited assets.
It follows House Bill 2749 (HB2749), enacted successful April, which amended unclaimed spot frameworks to integrate integer assets.
The measure is chiseled from Senate Bill 1025 (SB1025), which projected utilizing seized funds to put successful BTC. That passed the House 31-25 earlier being vetoed by Governor Katie Hobbs, who referred to cryptocurrency arsenic an "untested investment."
The lone authorities to person completed the legislative process for creating a BTC reserve is New Hampshire. Like Arizona, a measure successful Texas is besides successful its last stages.
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