Arizona made history when it became the second U.S. state to establish a Strategic Bitcoin Reserve. Reservieren. Governor Katie Hobbs Sign up for our Newsletter House Bill 2749 into law, officially launching the Arizona Bitcoin & Digital Assets Reserve, a pioneering move that channels profits from unclaimed property into Bitcoin and other top-tier digital assets.
This bill highlights several important features.
- Unclaimed Property Profits can be Redistributed to Bitcoin and Other Digital Assets
- Use of interest and staking reward, as well as airdrops on abandoned properties to finance strategic acquisitions
- Strong diversification rules, ensuring Bitcoin supplements — but doesn’t dominate — Arizona’s investment portfolio
- The assets must be kept in U.S.-regulated custody
- This guide will help you to understand the steps required for the government to start purchasing digital assets. “stacking sats”
- Lost Bitcoins can be redeemed in BTC instead of U.S. Dollars
Arizona law is aligned with New Hampshire Turning idle assets into stores that could appreciate in value is a way to transform state-owned properties. The state can safeguard its treasure by reinvesting otherwise unemployed funds in a forward-looking, strategic way, without increasing taxes or using general fund.
“Arizona just showed the country how to turn forgotten assets into a fortress against inflation,” The following are some of the ways to get in touch with each other Dennis PorterA key proponent of this bill is, co-founder and CEO of Satoshi Action Fund. “With HB 2749, lawmakers converted dormant dollars into digital gold — without touching the taxpayer’s pocket. It’s a win for fiscal responsibility and for every Arizonan who believes in sound money.”
Exchange of cryptocurrency Coinbase Satoshi Action Fund says that the expert testimony they provided helped push through hurdles in legislation. The involvement of these experts helped legislators better understand the technological and financial implications associated with Bitcoin-based reserve currencies.
Representative Jeff Weninger It was said that (R. Chandler), the bill’s sponsor, tirelessly guided the legislation, from the early stages of its draft, through to multiple committee hearings. stakeholder meetings and floor voting, ensuring bipartisan approval and its successful passage.
“Digital assets aren’t the future—they’re the present,” Weninger, said “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, manage, and ultimately benefit from abandoned digital currency. We’ve built a structure that protects property rights, respects ownership, and gives the state tools to account for a new category of value in the economy. It’s exactly the kind of policy we should be leading on—modern, precise, and built with an understanding of where technology and finance are heading.”
You can also find out more about the following: Satoshi Action Fund, who helped to draft and advocate HB 2749 has been a leader in Bitcoin policy. The group has been instrumental in the passing of eight pro Bitcoin laws, and it’s inspired over 20 other legislative initiatives across the nation.
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Source: bitcoinmagazine.com
