"Could XRP be added to Arizona’s strategic reserve asset…related bill advances"

XRP has been included among the candidates for a U.S. state-level strategic reserve of digital assets, putting it at the center of policy discussions.

According to CoinPedia, a cryptocurrency-focused outlet, the Arizona Legislature on the 16th passed a bill in a committee vote of 4–2 that would allow XRP to be included in the “Digital Assets Strategic Reserve Fund.” The bill is set to undergo additional review and voting procedures.

If the bill is enacted, the Arizona State Treasurer will oversee management of the reserve. The reserve would include digital assets seized by the state government or voluntarily remitted, as well as funds appropriated by the legislature.

The bill also stipulates that reserve assets may be invested during the fiscal year or that digital assets may be lent out to generate additional returns, provided this does not increase fiscal risk. Lawmakers said the measure would not affect Arizona’s general fund.

The bill broadly covers digital assets that confer economic or property rights, including Bitcoin, DigiByte and XRP, as well as stablecoins and non-fungible tokens (NFTs).

It also presents criteria for assessing the “fair value of crypto assets,” using factors such as market capitalization, network activity and the degree of decentralization.

While the bill has not yet been finalized, it is seen as significant in that XRP is being discussed within a state-government public finance framework.