Arizona Senate revives Bitcoin reserve bill after reconsideration vote

The Arizona Senate has voted to revive House Bill 2324, a Bitcoin reserve bill that initially failed in the House.

One of Arizona’s Bitcoin reserve bills has been revived after the state’s Senate passed a motion to reconsider the bill on Thursday.

House Bill 2324 was initially voted down in the House during its third reading on May 7, but is now headed back to the chamber for reconsideration after the Senate voted 16-14 in favor of the measure.

The bill would allow the state to create a “Bitcoin and Digital Assets Reserve Fund” to manage forfeited digital assets. It is one of several crypto bills that the state’s lawmakers have reviewed in recent months.

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