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Arizona House Clears Bitcoin Reserve Bill Funded by Seized Crypto

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In brief

  • The Arizona House passed HB 2324, creating a state-run Bitcoin and digital asset reserve funded through seized crypto.
  • The bill establishes rules for the seizure, storage, and sale of digital assets obtained in criminal investigations.
  • It follows HB 2749, signed in May, which allows Arizona to hold unclaimed crypto in its native form and divert staking rewards to a state fund.

Arizona’s revived push to bring Bitcoin into state coffers is one signature away from becoming law.

The Arizona House of Representatives approved House Bill 2324 on Tuesday in a 34-22 vote, reviving a measure that failed its first final vote in May. 

The legislation creates a framework for Arizona to establish a “Bitcoin and Digital Assets Reserve Fund” that would be managed by the state treasurer and funded exclusively through digital assets seized in criminal investigations.

HB 2324 would mark Arizona’s second digital asset reserve law this year, joined only by House Bill 2749, which Governor Hobbs signed in May. 

That law changed unclaimed property regulations to allow crypto to be held in native form, with staking rewards diverted into a state crypto fund.

HB 2324 further amends Arizona’s forfeiture laws to explicitly cover digital assets, including Bitcoin, stablecoins, and other virtual currencies.

It establishes protocols for seizure, storage, and sale, with proceeds divided between law enforcement, the state general fund, and a new digital asset reserve.

The first $300,000 from any forfeited digital asset would be directed to the Attorney General’s office, with additional proceeds split between state coffers and the reserve fund.

Lawmakers revived HB 2324 last month through a series of procedural motions after it failed a final House vote on May 7. 

The Senate passed the amended measure by a narrow 16-14 margin last Thursday, clearing the way for Tuesday’s House vote.

Governor Hobbs’ record shows support for stricter oversight, but hesitation toward exposing state funds to crypto markets.

In May, Hobbs vetoed Senate Bill 1025, the Arizona Strategic Bitcoin Reserve Act, which would have allowed up to 10% of state treasury and pension funds to be invested in Bitcoin. 

She also blocked Senate Bill 1373, a proposal to create a state-managed reserve for digital assets obtained through seizures or legislative appropriations, citing market instability.

At the same time, Hobbs has signed bills aimed at regulating the industry, including House Bill 2387, which imposes stricter rules on crypto ATMs to combat fraud and money laundering.

House Bill 2324 now puts another major crypto policy decision in the governor’s hands.

Edited by Sebastian Sinclair

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Arizona Senate Passes Bitcoin Reserve Bill for Seized Crypto, Heads to House For Debate

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In brief

  • The bill passed the Senate 16-14 after procedural manoeuvres and now heads to the House for a final vote.
  • Arizona’s bill is part of a broader national push for state-level crypto legislation under Trump.
  • The state has already passed one Bitcoin bill, but others have been vetoed.

Arizona’s Senate has passed a revived version of the so-called Bitcoin Reserve Bill, clearing the way for the proposal to head to the House for a final vote.

House Bill 2324 (HB 2324), which would establish a fund for digital assets seized through criminal asset forfeiture, passed the Senate Thursday by a 16-14 margin. 

Initially introduced in February, the bill made early progress through both chambers but failed a final vote in the House last month.

Lawmakers brought HB 2324 back to life through a series of procedural “motions to reconsider” filed in both chambers. If passed, the legislation would create a Bitcoin and Digital Assets Reserve Fund overseen by the state treasurer. 

The fund would manage digital assets seized in criminal investigations, with options to store them in state-approved wallets, sell through licensed crypto exchanges, or retain the assets in native form depending on market and security conditions.

It also amends Arizona’s forfeiture laws to formally include digital assets and outlines custodial requirements.



Arizona is one of dozens of states that have introduced crypto-related legislation since President Donald Trump’s return to power, spurred by a broader national push to define digital asset frameworks at the state level. 

While some bills have been successful, others have faced opposition or an executive veto.

Earlier this year, Arizona Governor Katie Hobbs signed House Bill 2749, the state’s first successful digital asset reserve legislation. The measure created a digital asset fund focused on abandoned assets.

The governor also approved House Bill 2387, which imposes consumer protection rules on crypto ATMs operating in Arizona.

However, Hobbs has also blocked two more aggressive crypto proposals. In early May, she vetoed Senate Bill 1025, which would have allowed state investment of up to 10% of treasury and pension funds in digital assets, calling it too risky for public retirement systems.

She also vetoed Senate Bill 1373, which called for the creation of a reserve fund for crypto obtained through seizures and legislative appropriations. 

Edited by Sebastian Sinclair

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Arizona reconsiders Bitcoin reserve plan using forfeited digital assets
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Arizona reconsiders Bitcoin reserve plan using forfeited digital assets

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Arizona lawmakers have voted to revive a bill that would expand the state’s forfeiture laws to include digital assets and establish a new Bitcoin reserve fund.

Following a June 19 motion in the Senate, House Bill 2324 is headed back to the Arizona House of Representatives for reconsideration. 

The measure, which had previously failed to pass the House on May 7, was brought back after a narrow 16-14 Senate vote. 

Republican Senator Janae Shamp, one of the lawmakers who initially voted against the bill, filed the motion to reconsider. 

It must now secure a majority vote from the 60-member House, where Republicans hold 33 seats, after which it will proceed to Governor Katie Hobbs’ desk for potential approval.

What is HB 2324?

HB 2324 proposes the creation of a “Bitcoin and Digital Assets Reserve Fund” to manage assets seized through criminal forfeiture. It updates Arizona’s existing forfeiture laws to formally include digital assets such as cryptocurrencies, expanding legal definitions to cover virtual currencies and other digital-only items with economic value.

The bill outlines new procedures for law enforcement agencies to seize, access, and store digital assets, including requirements to use secure, state-approved digital wallets.

Under the proposed allocation system, the first $300,000 worth of forfeited digital assets would be directed to the Attorney General’s office. Any remaining value would be split, 50% to the Attorney General, 25% to the state’s general fund, and 25% to the newly established reserve fund.

HB 2324 also clarifies regulations governing property forfeiture by adding protections for innocent owners and establishing limits on when other property types, such as vehicles, may be seized. 

Supporters of the bill argue the changes are needed to keep pace with the growing role of digital assets in criminal investigations and economic activity.

HB 2324 differs significantly from House Bill 2749, which Governor Hobbs signed into law on the same day the former was initially rejected.

HB 2749 allows the state to claim digital assets that have remained unclaimed for at least three years. These assets must be transferred to the Arizona Department of Revenue in their original digital form.

Unlike HB 2324, HB 2749 does not deal with criminal forfeiture or law enforcement procedures. Instead, it establishes a regulatory process for identifying and managing abandoned assets, along with a reserve fund that may receive staking rewards or airdrops. 

Importantly, HB 2749 prohibits the use of taxpayer money, focusing only on assets already in state possession due to abandonment.

Both bills involve the creation of a “Bitcoin and Digital Assets Reserve Fund,” but the funding mechanisms and purposes differ. 

HB 2749’s fund is sourced from unclaimed property and is subject to legislative appropriation, while HB 2324’s version is tied to seized assets from criminal proceedings.

Arizona is not the only state taking steps toward integrating digital assets into public finance. Earlier this year, New Hampshire passed House Bill 302, becoming the first U.S. state to authorize its treasurer to invest up to 10% of public funds in Bitcoin and other qualifying digital assets with a market cap of over $500 billion.



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Arizona Senate Revives Bitcoin Reserve Bill After Rejection
Crypto Trends

Arizona Senate Revives Bitcoin Reserve Bill After Rejection

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Arizona’s push to create a state-run Bitcoin reserve is back on track after a surprising turnaround in the state Senate. Lawmakers revived House Bill 2324 on Thursday with a 16-14 vote, moving it back to the House for reconsideration.

Initially rejected on May 7, the bill now has another shot, thanks to a motion filed by Republican Senator Janae Shamp, the only way a previously defeated bill can be revived. The vote mostly followed party lines, with Republican Jake Hoffman being the only GOP member to oppose it.

🇺🇸 ARIZONA Update:

‘Bitcoin Reserve’ bill HB2324, which initially failed, has been revived after a ‘motion to reconsider’.

The bill would create a fund out of digital assets seized via criminal asset forfeiture.

It passed the Senate today 16-14, and is now in the House. pic.twitter.com/FKmLr8kSmJ

— Bitcoin Laws (@Bitcoin_Laws) June 19, 2025

HB 2324 aims to create a “Bitcoin and Digital Assets Reserve Fund” to manage crypto assets seized through criminal forfeiture. If passed, the first $300,000 of such assets would go to the Attorney General’s office. Anything above that would be split, 50% to the AG, 25% to the state’s general fund, and 25% to the new reserve fund.

The bill would also expand Arizona’s asset forfeiture laws to include digital assets, detailing how they can be seized and stored when no rightful owner is found.

This comes after Governor Katie Hobbs signed HB 2749 on May 7, allowing Arizona to build a Bitcoin reserve without using taxpayer funds. The state can also stake the crypto or collect airdrops.

However, Hobbs vetoed two other crypto-related bills, including SB 1025, which proposed investing 10% of state funds in crypto, calling it too risky.

Now, all eyes are on the Arizona House, if it passes HB 2324, the bill heads straight to the Governor’s desk.

Also Read: Senator Lummis to Propose Bitcoin Bill at Nashville Conference





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Coastal Carolina wins 24th straight, tops Arizona in MCWS opener
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Coastal Carolina wins 24th straight, tops Arizona in MCWS opener

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Jun 13, 2025, 06:00 PM ET

OMAHA, Neb. — Coastal Carolina broke open a tied game with three runs in the eighth inning, Dominick Carbone shut down a threat by Arizona in the ninth and the Chanticleers opened the College World Series with a 7-4 victory Friday.

The Chanticleers (54-11) extended their winning streak to 24 games in their first appearance in Omaha since they beat Arizona in the 2016 finals. They’ll play Sunday night against Oregon State.

“We’ve got a dugout full of hungry and humble dogs,” Coastal Carolina coach Kevin Schnall said.

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Arizona (44-20), in the CWS for the first time since 2021, will play Louisville on Sunday.

Coastal Carolina scored single runs in the fifth and sixth innings to forge a 4-all tie with the Wildcats and took the lead in the eighth after reliever Garrett Hicks (5-1) retired the first two batters.

Wells Skyes sliced an 0-2 pitch just inside the right-field line for a double and Caden Bodine was intentionally walked before Sebastian Alexander, who struck out in his previous three at-bats, singled in the go-ahead run. Arizona closer Tony Pluta came on and gave up Blake Barthol’s two-run double.

“This is my last year of college eligibility and I’m giving it everything I’ve got for this team,” Sykes said. “I’ve got a ton of respect for my teammates and my coaches, and I think the big crowds and the loud environments are helping. We’re locked in. We’re on a crazy win streak. We’re really consistent.

“So I think that’s helped everybody, not just me.”

Schnall said Sykes, the No. 9 batter who transferred from The Citadel, was the right man at the right time in the eighth inning.

“He’s got guts,” Schnall said. “He’s great under tension and stress. He lives for those moments. He’s had some massive hits this postseason starting the conference tournament. But I’m really proud of him because he’s really worked hard and he really bought into the Coastal way Day 1.”

The Wildcats had runners on the corners with no outs in the ninth. Carbone struck out pinch-hitter Dom Rodriguez and then got Brendan Summerhill to hit into a game-ending double play.

“It came down to some great two-strike hitting by them,” Wildcats coach Chip Hale said. “Great pitch almost on the ground. Guy dunks it into right for a double. Then they get jammed, hit a ball into center for a base hit. … That’s why they have the record they have and they’ve been able to run so many off.”

Oregon State 4, Louisville 3

Aiva Arquette scored from first base on Gavin Turley’s drive into the left-field corner in the bottom of the ninth inning to give Oregon State a 4-3 walk-off victory over Louisville on Friday night.

The Cardinals had tied it with two runs in the top half before Oregon State recorded its fourth walk-off win of the season and second in four games.

The No. 8 national seed Beavers (48-14-1), back in Omaha for the first time since they won the national title in 2018, will play Coastal Carolina on Sunday after the Cardinals (40-22) meet Arizona in an elimination game.

Arquette, a projected first-round pick in the MLB amateur draft next month, was having a rough night in the field before delivering his third base hit of the game with one out in the ninth. Turley then sent the first pitch from Jake Schweitzer (4-2) on a line into the corner. Left fielder Zion Rose tried to cut the ball off but couldn’t come up with it, allowing Arquette to be waved home.

“It was cool because it’s the same thing every at-bat for us – go up and compete and hit the ball hard,” Turley said. “Knowing we had the top of the lineup up, I knew we had a chance to do something dangerous.”

Turley was drenched with a bucket of sports drink during the on-field celebration. In the Beavers’ super regional opener last week, Turley scored the winning run on AJ Singer’s walk-off single in a 5-4, 10-inning win over Florida State.

Louisville was left to regroup.

“They took advantage of an unfortunate situation for us, just a little hiccup here or there and you get walked off in the ninth,” Cardinals coach Dan McDonnell said. “Must have been a great game for everybody to watch and enjoy. A lot of good baseball. We came up on the short end.”



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