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Arizona nears vote on Bitcoin reserve bill allowing state crypto holdings and investments

Market News
31 Mar 2026
UToday
View Source
Neutral
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Arizona lawmakers are close to a final vote on a bill to create a state-level cryptocurrency reserve, holding seized assets like Bitcoin and XRP instead of auctioning them. The bill would also allow the state Treasurer to invest up to 10% of public funds in digital assets and potentially loan them out for returns. This follows previous vetoes by Governor Katie Hobbs in 2025, who cited financial risks and operational concerns. If passed, Arizona would join states like New Hampshire and Texas in establishing strategic crypto reserves, marking a significant step in state-level cryptocurrency adoption.

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