Arizona, USA, 'Bitcoin Reserve Bill' Passes Senate

Doohyun Hwang

Summary

The Arizona Senate announced that the Bitcoin Reserve Bill was passed by a vote of 16 to 14.
The bill stipulates that the state government can hold digital assets seized through criminal forfeiture.
Once fully passed, Arizona will become one of the states that has legally specified direct digital asset holdings.

The Arizona State Senate in the United States passed a bill allowing state-level ownership of Bitcoin (BTC).

According to Cointelegraph on the 19th (local time), the Arizona Senate passed the 'Seized Digital Asset Reserve Bill (HB 2324)' with 16 votes in favor and 14 against. This bill stipulates that the state government can create digital reserves by utilizing digital assets seized through criminal forfeiture procedures.

The bill was initially rejected but was reintroduced through the reconsideration process. The bill that passed the Senate will now undergo final review in the House of Representatives.

If the bill passes the final stage, Arizona will become one of the few states in the United States to legally specify that the state government can directly hold digital assets such as Bitcoin.

Previously, Texas also introduced and passed a bill allowing Bitcoin holdings. That bill has passed both the House and Senate and is currently awaiting the governor's signature.

BTC