Arizona has enacted House Bill 2749, establishing a state-managed Bitcoin and Digital Assets Reserve Fund. Governor Katie Hobbs signed the bill into law on May 7, 2025, permitting the state to hold unclaimed digital assets, such as cryptocurrencies, in their native form rather than liquidating them.
The law also allows the state to stake these assets to earn rewards or receive airdrops, with any such earnings deposited into the reserve fund.
The legislation, sponsored by Representative Jeff Weninger, updates Arizona’s unclaimed property laws to include digital assets.
Under the new law, digital assets are considered abandoned if the rightful owner fails to respond to communications over a three-year period. Once deemed abandoned, holders must deliver the digital assets to the Department of Revenue in their native form.
Governor Hobbs had previously vetoed Senate Bill 1025, which proposed allowing the state to invest up to 10% of public funds in digital assets, citing concerns over the risk to retirement funds.
In contrast, HB 2749 does not involve the investment of public funds but focuses on managing unclaimed digital assets.
Arizona becomes the second U.S. state to create a formal framework for holding digital assets, following New Hampshire’s recent enactment of similar legislation.
BitcoinVersus.Tech Editor’s Note:
We volunteer daily to ensure the credibility of the information on this platform is Verifiably True. If you would like to support to help further secure the integrity of our research initiatives, please donate here
BitcoinVersus.tech is not a financial advisor. This media platform reports on financial subjects purely for informational purposes.
Bitcoin Versus 
Leave a comment