- Arizona’s proposes Bitcoin Reserve via bill HB2324.
- Bitcoin to hold forfeited crime assets.
- No public response from major crypto figures.
Arizona legislators have cleared bill HB2324, aiming to establish a “Bitcoin Reserve” using criminally forfeited assets. It now awaits Governor Katie Hobbs’ approval.
The legislation introduces a new financial strategy for managing state-owned assets, potentially boosting Arizona’s stance in the crypto landscape.
Arizona’s Bold Move: HB2324 and Bitcoin Asset Management
Arizona State Legislature has moved to create a “Bitcoin Reserve” through HB2324, which involves holding forfeited criminal assets in Bitcoin. Governor Katie Hobbs is yet to sign the bill. Representative Wadsack leads this initiative, but he remains silent on its expected impact.
The measure could define Arizona’s approach to cryptocurrency alongside existing asset strategies. If the bill passes, Bitcoin will become integral to Arizona’s asset management. No percentage or asset specifics are stipulated in the existing text.
As of June 25, 2025, there are no official statements or quotes available from key players regarding Arizona’s “Bitcoin Reserve” Bill HB2324. The summary indicates that neither Governor Katie Hobbs nor Representative Wadsack, nor any notable figures from the cryptocurrency sector, have publicly commented on the bill in any verified channels.
Exploring Arizona’s Cryptocurrency Strategies Amid Price Fluctuations
Did you know? Arizona’s first reserve bill in 2023 focused solely on traditional assets, marking this move towards Bitcoin as a pioneering step. Still, no gov-led crypto reserves exist in other states.
As of June 25, 2025, Bitcoin (BTC) is valued at $107,756.58, with a market cap of $2.14 trillion, according to CoinMarketCap. The cryptocurrency has rallied over the past 90 days, rising 24.39%. However, the 24-hour trading volume fell by 31.22%, indicating fluctuating investor interest.
Coincu researchers highlight this initiative as a crucial development in state-level cryptocurrency management. Historically, Arizona stands apart in the U.S., with no other state committing legislatively to a dedicated Bitcoin reserve. The impact of this remains speculative without official commentary or regulatory changes, potentially guiding future crypto adoption at state levels. For those interested in underlying regulations, you can review the Final Rule on Customer Due Diligence by FinCEN.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/345075-arizona-bitcoin-reserve-bill/