Arizona crypto reserve bill passes House committee, heads to third reading

Arizona’s Strategic Digital Assets Reserve Bill is one vote away from hitting Governor Katie Hobbs’ desk, though she has been recently vetoing bipartisan bills.

One of Arizona’s crypto reserve bills has been passed by the House and is now one successful vote away from heading to the governor’s desk for official approval.

Arizona's Strategic Digital Assets Reserve Bill (SB 1373) was approved on April 17 by the House Committee of the Whole, which involves 60 House members weighing in on the bill before a third and final reading and a full floor vote.

SB 1373 seeks to establish a Digital Assets Strategic Reserve Fund made up of digital assets seized through criminal proceedings to be managed by the state’s treasurer. 

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