Arizona Senate Revives Failed Bitcoin Reserve Bill For Seized Crypto Assets
Arizona, one of the first states to establish a Bitcoin (BTC) reserve, has revived a failed crypto legislation seeking to update the state’s forfeiture law to include digital assets. Related Reading: In The Shadows: Two-Thirds Of Crypto Miners Still Unregistered In Russia Arizona Lawmakers Reconsider Failed Bitcoin Reserve Bill The Arizona State Senate voted to […]
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Arizona’s Senate has moved to revive a bill that will create the state’s crypto reserve fund. This growing attention to the world’s most valuable cryptocurrency further adds interest to related new cryptos, such as BTC Bull Token ($BTCBULL) and secure crypto wallets like Best Wallet. Arizona’s House Bill 2324 is now under reconsideration after the Senate voted 16-14 to revive it. The House of Representatives initially voted down the bill in May. What Arizona’s HB2324 is About HB2324 expands Arizona’s ability to seize and forfeit property that has been used or obtained through criminal....
The close of last week coughed up some rather unpleasant news for Bitcoin (and crypto) supporters. Arizona’s governor, Katie Hobbs, announced her decision to veto Senate Bill 1025, also known as the ‘Arizona Strategic Bitcoin Reserve Act.’ SB1025 would have allowed Arizona’s treasurers and public retirement funds to invest up to 10% of state funds into $BTC and other crypto assets. Keep reading to learn more about Arizona’s Bitcoin problem. We’ll also discuss another potential bottleneck crypto is currently facing. Do stick around until the end because....
Arizona has advanced Senate Bill 1025 — also known as the “Arizona Strategic Bitcoin Reserve (SBR) Act” — out of committee, positioning it to become the first US state to vote on legislation that would authorize investing state funds in Bitcoin. Dennis Porter, CEO and founder of the advocacy group Satoshi Act Fund, broke the […]
Arizona State Governor Katie Hobbs has vetoed a legislative bill that would have allowed the creation of a Bitcoin reserve. The Grand Canyon state joins a growing list of other US states where legislative efforts to direct state investment to Bitcoin have proven futile. Related Reading: History Rhymes: Will Bitcoin Repeat Classic Breakout Pattern To […]
An effort by Arizona lawmakers to prohibit the tracking of guns using blockchain technology has now progressed to the Senate. As CoinDesk reported earlier this month, a proposed new bill would prevent the use distributed ledgers in firearm tracking, with the exception of law-enforcement applications. The concept, put forward by technologists in the blockchain space, is that such a system could create an immutable history of transactions that records every time a gun is fired, for example. The proposed bill, HB 2216, has now cleared the Arizona House of Representatives by a 34-25 vote, with....