Arizona launches its first Bitcoin and Digital Asset Reserve Fund
Arizona has taken a significant step into the world of digital assets by launching its first Bitcoin and Digital Asset Reserve Fund, following the enactment of House Bill 2749. This innovative legislation allows the state to manage unclaimed digital assets, such as abandoned cryptocurrencies, airdrops, and staking rewards, rather than investing public funds directly into the volatile crypto market. Governor Katie Hobbs signed HB 2749 into law on May 7,