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Arizona’s House Bill 2324 has been revived after the Senate voted 16-14 to reconsider the proposal. The bill would allow the state to create a Bitcoin and Digital Assets Reserve Fund funded through seized digital assets in criminal cases. Originally rejected in the House on May 7 the bill will return for a second vote.
If approved the first $300,000 in forfeited crypto would go to the Attorney General’s office. Any amount beyond that would be split equally among the Attorney General the state general fund and the new reserve fund. The bill would also expand Arizona’s laws to permit the seizure and storage of digital assets from cases involving deceased deported or untraceable individuals.
Governor Katie Hobbs has already signed HB 2749 which lets Arizona keep unclaimed crypto and earn rewards without using taxpayer money. While she vetoed two other crypto-related bills citing market volatility she emphasized support for safe crypto adoption through strategic legislation.
