Arizona’s Bitcoin Reserve Fund: Because Who Needs Boring Old Cash?

Arizona’s Governor Katie Hobbs: First she said “No way!” to one Bitcoin bill, but then she got a slightly different crypto proposal, squinted at it, and went, “Oh fine, whatever.” 10% crypto investment? Too spicy. Handling digital assets nobody even claims? Now that’s the bland, government-approved flavor we crave! 🍽️💸

Arizona and New Hampshire: The Fast & The Financially Curious

Literally the day after New Hampshire did a victory lap with their new “We Can Buy Bitcoin Now!” law (remind me again why they always have to go first at everything?), Arizona decided it wanted in—just, you know, in a less adventurous way. Instead of waking up to buy crypto with taxpayer cash, Arizona’s new law lets the state sit on a digital pile of unclaimed coins, kind of like your Venmo balance after brunch but with more legal paperwork.

“My nephew tried to explain NFTs at Thanksgiving and I have trust issues now”). But after a new pitch—House Bill HB2749, which is basically the Marie Kondo version of crypto (keep only what brings you joy, abandon the rest)—she finally signed off. The bar for excitement? Impossibly low, but at least the paperwork matches the granite in her office.

Arizona House Republican and Commerce Committee Chairman Jeff Weninger put it best in a press release: “Digital assets aren’t the future, they’re the present.” Look out, next stop: Getting paid in Dogecoin for returning your library books! 🚀📚

Read More

2025-05-09 11:03