The post Arizona Senate Advances Bitcoin Reserve Bill to House – Coincu appeared on BitcoinEthereumNews.com.

Key Points: Main event, legislative actions, potential financial implications, or expert perspectives. Arizona Senate passed bill authorizing Bitcoin fund. No major market reaction following legislative vote. Arizona Senate passed the Bitcoin reserve bill HB 2324 with a 16-14 vote, moving it to the House of Representatives. This legislation could position Arizona as a leader in state-level crypto asset management, though no immediate fiscal market effects were observed. Arizona Senate’s Narrow 16-14 Vote on Bitcoin Bill The Arizona Senate has approved Bitcoin reserve bill HB 2324, enabling the creation of a state-run digital asset fund using digital assets seized through criminal forfeiture. This legislative approval, led by State Senator Wendy Rogers, passed narrowly with a 16–14 vote after a reconsideration motion. It is now moved to the House of Representatives. The bill establishes a digital asset reserve fund that could use Bitcoin and potentially other cryptocurrencies seized in criminal activities. While no specific asset reserve size has been disclosed, the legislative move is seen as an innovative step in the use of cryptocurrencies for public asset management. Market responses have been muted. Official statements from Senator Rogers or industry leaders remain absent. No notable on-chain movements or market shifts linked directly to the bill’s passage have been reported. Arizona’s Innovative Digital Asset Strategy and Market Context Did you know? Wyoming previously enacted crypto-friendly laws but Arizona will pioneer state-level digital asset reserves using seized assets if the bill advances. Bitcoin, trading at $104,767.67 with a market cap of $2.08 trillion, showed a slight decline of 1.04% over 24 hours as reported by CoinMarketCap. It saw modest growth over 60 days at 22.81%, amid broader market fluctuations. Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 00:14 UTC on June 20, 2025. Source: CoinMarketCap Insights from the Coincu research team suggest Arizona’s legislative move…

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Filed under: News - @ June 20, 2025 2:27 am