Arizona Senate Panel Approves Bitcoin and XRP Reserve Bill in 4-2 Vote
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Arizona's Senate Finance Committee approved SB1649, allowing a state-run Digital Assets Strategic Reserve Fund to hold seized cryptocurrencies like Bitcoin and XRP. The bill, introduced by Senator Mark Finchem, passed in a 4-2 vote and requires further legislative approval before becoming law.
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- Arizona’s Senate Finance Committee approved SB1649 in a 4-2 vote.
- The bill allows the creation of a state-run Digital Assets Strategic Reserve Fund.
- The reserve would hold seized or surrendered Bitcoin, XRP, DigiByte, and other crypto.
Arizona’s Senate Finance Committee approved Senate Bill 1649 (SB1649) on February 16, 2026, in a 4-2 vote. The bill now moves to the Senate Rules Committee. It still needs full Senate approval, House passage, and the governor’s signature to become law. Republican Senator Mark Finchem introduced SB1649 on February 3.
A State-Run Crypto Reserve
The proposal creates a state-run Digital Assets Strategic Reserve Fund managed by the Arizona state treasurer.
The fund would hold digital assets seized, confiscated, or surrendered to the state, along with money allocated by lawmakers. The bill lists Bitcoin, XRP, and DigiByte as el…
Read The Full Article Arizona Senate Panel Approves Bitcoin and XRP Reserve Bill in 4-2 Vote On Coin Edition.
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