Arizona Takes a Bold Step: Bitcoin Bill Signed for Strategic Reserve
On May 7, Arizona Governor Katie Hobbs signed House Bill 2749, marking a historic shift in state policy. This bill allows the state to convert profits from unclaimed property into Bitcoin. The establishment of a Bitcoin Reserve Fund aims to enhance the state’s financial stability through staking rewards and interest without relying on taxpayer dollars. This innovative approach could redefine how states manage investment and enrich their portfolios. Stakeholders will watch closely as Arizona embarks on this groundbreaking initiative in the world of cryptocurrency.