Arizona Governor Katie Hobbs recently signed a bill into law that allows the state to retain unclaimed cryptocurrencies and establish a “Bitcoin Reserve Fund” without using taxpayer money or state funds. The bill, known as House Bill 2749, enables Arizona to claim abandoned digital assets if the owner fails to respond to communications within three years. Custodians in the state can stake the crypto to earn rewards or receive airdrops, which are then deposited into the Bitcoin and Digital Asset Reserve Fund. Jeff Weninger, the bill’s sponsor, emphasized the importance of not leaving value unutilized and positioning Arizona as a leader in managing abandoned digital currency. Governor Hobbs vetoed a similar bill, Senate Bill 1025, on May 3, which would have allowed the state to invest seized funds into Bitcoin, citing concerns about using public funds for “untested assets.” The move by Governor Hobbs to sign HB 2749 offers hope for the potential signing of Senate Bill 1373, currently under her review. SB 1373 would authorize Arizona’s treasurer to allocate up to 10% of the state’s Budget Stabilization Fund into Bitcoin. This development in Arizona comes after New Hampshire Governor Kelly Ayotte signed House Bill 302 into law on May 6, allowing the state’s treasury to invest in cryptocurrencies with a market capitalization exceeding $500 billion, with Bitcoin being the only cryptocurrency meeting that threshold.