Arizona Becomes Second U.S. State to Establish Crypto Reserve Law

Arizona has enacted a law that technically establishes a crypto reserve in the state from unclaimed digital assets.

✅Arizona Enacts New Law to Secure Unclaimed Digital Assets and Establish Bitcoin Reserve Fund

“Digital assets aren’t the future—they’re the present. This law ensures Arizona doesn’t leave value sitting on the table and puts us in a position to lead the country in how we secure,… pic.twitter.com/HU9pdS8enu

— Arizona House Republicans (@AZHouseGOP) May 7, 2025

The document HB2749 received bipartisan support in both the House of Representatives and the Senate.

The law does not provide for investments in cryptocurrencies. The fund, managed by the Arizona Treasury, is to include not only abandoned coins but also funds obtained through airdrops and staking. HB2749 classifies digital assets as unclaimed if their rightful owner does not respond to inquiries for three years.

“This step shows that Governor Katie Hobbs is ready to enact legal measures in support of cryptocurrencies,” commented Bitcoin Laws.

Earlier in May, the state leader vetoed bill SB1025. It would have allowed the treasurer and pension funds to invest up to 10% of funds in digital currencies like Bitcoin. Hobbs deemed public finances not the place for “unproven investments.”

The author of HB2749, Chairman of the House Commerce Committee Jeff Weninger, stated:

“Digital assets are not the future, they are the present. […] We have created a framework that protects property rights and gives the state tools to account for a new category of value in the economy. This is precisely the policy we should pursue—modern, precise, and built with an understanding of where technology and finance are headed.”

On May 6, New Hampshire became the first state to allow authorities to create a Bitcoin reserve. The law signed by Governor Kelly Ayotte gives the treasury the right to use up to 5% of funds for investments in cryptocurrencies and precious metals with a capitalization of no less than $500 million.

In Florida, authorities halted consideration of two legal acts permitting the investment of state funds in Bitcoin.

In states such as Oklahoma, Montana, Pennsylvania, North and South Dakota, and Wyoming, attempts to create a strategic Bitcoin reserve also failed.