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2025-05-08 09:45:29

Arizona is the first state in the U.S. to create a bitcoin reserve from unclaimed digital assets.

Governor Katie Hobbs of Arizona signed Bill No. 2749, which:

  • Introduces regulations for handling unclaimed digital assets
  • Creates a reserve fund in Bitcoin
  • Allows staking and receiving airdrops, with the income directed to the fund

Key Provisions:

  • Assets are considered abandoned if the owner does not respond for 3 years
  • After that, they are transferred in their native form to the Department of Revenue
  • The state does not convert crypto to fiat but keeps it as is

Jeff Weninger (bill sponsor):

“Digital assets are already a reality. Arizona is becoming a leader in managing abandoned cryptocurrency.”

Notably:

Previously, the same governor blocked a bill on BTC reserves, calling cryptocurrencies “unreliable.” Now, a more comprehensive approach to digital assets has been signed into law.

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