Arizona has become the second state in the U.S. to approve the Bitcoin (BTC) reserve law, following in the footsteps of New Hampshire.
Governor Katie Hobbs signed a bill prepared by Representative Jeff Weninger, allowing the state to create a reserve fund for Bitcoin and other digital assets. This law provides an official mechanism to accumulate unclaimed digital assets, which can be used in the future.
The new law also allows authorized custodians to stake digital assets to earn rewards or airdrops. With this move, Arizona aims to integrate digital assets into the legal framework, reinforcing the role of Bitcoin and cryptocurrencies in the future financial system.
This action follows shortly after New Hampshire's recent step to legalize digital asset investments, marking another significant development in the state’s crypto landscape.
