Arizona Governor Officially Enacts Bill to Create State-Managed Fund to Hold Unclaimed Crypto

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Arizona Governor Katie Hobbs has signed House Bill 2749, which allows the state to establish a reserve fund that holds unclaimed digital assets, airdrops, and staking rewards. The approval comes days after Governor Katie Hobbs vetoed another crypto bill – the Arizona Strategic Bitcoin Reserve Act ( S.B. 1025 ). This legislation would have allowed the state treasurer and retirement system to invest 10% of available funds in crypto. Arizona’s House Bill 2749 is ‘Budget-Neutral’ Governor Hobbs sign...