Arizona digital asset reserve bill passes House committee
"Strategic Digital Asset Reserve Act" in Arizona (referred to as "SB 1373") was passed by the House Committee on Thursday. Currently, the bill still needs to go through three readings and a full vote before it can be sent to the governor for final approval. The SB 1373 bill proposes the establishment of a digital asset strategic reserve fund, which will be composed of appropriations from the legislative body and confiscated cryptocurrency assets by the authorities. The bill states that the state treasurer will be allowed to deposit confiscated cryptocurrencies into the fund through qualified custody solutions or state-registered exchanges, and the treasurer can borrow digital assets from the fund for additional returns. The bill states, "The state treasurer shall not invest an amount exceeding 10% of the total deposits in the fund in any fiscal year."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cardano Expected to Pump Over 10x in the Altseason, How High Can ADA Go This Bull Cycle

Ripple Rules Out 2025 IPO as Company Maintains Solid Financial Position

Google Chrome’s success ‘impossible to recreate,’ exec testifies in DOJ antitrust trial
Share link:In this post: Parisa Tabriz believes Google Chrome would decline in another company’s hands, saying it would be hard to disentangle Google from the search engine’s success. Google plans to infuse artificial intelligence into Chrome to make it more agentic. OpenAI showed interest in buying Google Chrome.
SEC Commissioner Hester Peirce calls for better crypto regulation
Share link:In this post: SEC Commissioner Hester Peirce has called for better crypto regulation in the United States. Peirce mentioned that financial firms have been approaching crypto in a way like playing “the floor is lava” children’s game. SEC commissioners want flexible regulation as SEC chairman Paul Atkins wants clear regulations for digital assets.
Trending news
MoreCrypto prices
More








