Arizona Advances Bitcoin, XRP Reserve Bill Using Seized Crypto Assets

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Arizona crypto reserve proposition gained major support yesterday, February 16, after Senate Bill 1649 (SB1649) cleared the Senate Finance Committee. The proposal, introduced by Sen. Mark Finchem, passed in a 4-2 vote and now heads to the Senate Rules Committee. The bill would create a Digital Assets Strategic Reserve Fund using seized and confiscated Bitcoin, $XRP, and other eligible crypto assets.