SB 1649
digital assets strategic reserve fund
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill establishes the Digital Assets Strategic Reserve Fund within the Arizona State Treasurer's office. The fund will hold digital assets, including cryptocurrencies, that are held by, confiscated by, or surrendered to the state. It allows the state treasurer to invest the fund's holdings and loan digital assets to generate returns, subject to certain risk limitations. The bill also updates procedures for handling abandoned property, specifically addressing digital assets and requiring their delivery to a qualified custodian.
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