Arizona's Crypto Custody Law Sparks Innovation!

Governor Katie Hobbs of Arizona has signed House Bill 2749, allowing the state to keep unclaimed cryptocurrencies by creating a Bitcoin Reserve Fund without using taxpayer money. Owners must respond to communications within three years to claim their digital assets. This law positions Arizona as a leader in managing abandoned digital currency, ensuring value isn't wasted. While Governor Hobbs previously vetoed a similar bill over concerns about public funds for "untested assets," this move brings hope for future crypto-related legislation in Arizona.