Picture it: Arizona, not exactly famous for subtlety, just crowned itself as the second US state to hoard Bitcoin like it’s toilet paper in 2020. No, seriously. On May 7, 2025, Governor Katie Hobbs signed House Bill 2749, apparently concluding that forgotten bank accounts + digital gold = the plot twist none of us saw coming (except maybe your weird cousin who only talks about NFTs now).
Because nothing screams “modern governmental sophistication” like rummaging through a lost & found box of unclaimed property—”Janet, there’s a $23.47 check from 2008 here, quick, buy some Sats!” Four bills tried to sit at the cool table this year, but only HB 2749 made the cut. (SB 1025 got the veto treatment, because, well, drama.)
The plan? Convert dusty, abandoned assets into magic internet money. Inflation-proofing the state’s cash pile while absolutely not touching your tax dollars—hands off, promise. Turns out the best way to fund Arizona’s future is through a scavenger hunt in the state’s financial attic. Who knew? ¯\_(ツ)_/¯
Getting a lot of questions about the Arizona SBR law singing into law.
To be clear: There are 4 bills for SBR in AZ.
SB 1025 was vetoed.
HB 2749 was signed into law!
— Dennis Porter (@Dennis_Porter_) May 8, 2025
But wait, there’s a twist: Arizona can also earn interest, airdrops, staking—basically, it’s about to become that friend who brags about “passive income” in their Instagram bio. All of it gets locked up nice and tight with regulated US custody, because, yes, someone watched the FTX doc. And no, Arizona’s not going all in on Bitcoin, just flirting with “top digital assets.” We see you, diversification. 👀
Shout-out to Representative Jeff Weninger, who shepherded this circus from messy draft to actual law, and to Coinbase—the crypto exchange that lent expertise and probably tried to explain the difference between a blockchain and a chain email to half the legislature. So here we are: Arizona, your new digital asset trailblazer. America, you up next?
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2025-05-08 04:45