{"id":44715,"date":"2025-06-20T12:00:48","date_gmt":"2025-06-20T09:00:48","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=44715"},"modified":"2025-06-20T10:40:53","modified_gmt":"2025-06-20T07:40:53","slug":"arizona-senate-revives-bitcoin-bill-after-reconsideration-vote","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/arizona-senate-revives-bitcoin-bill-after-reconsideration-vote\/","title":{"rendered":"Arizona Senate Revives Bitcoin Bill After Reconsideration Vote"},"content":{"rendered":"<p data-start=\"260\" data-end=\"575\">The <strong data-start=\"264\" data-end=\"282\">Arizona Senate<\/strong> has voted to revive House Bill 2324 \u2014 a previously rejected proposal aiming to establish a <strong data-start=\"374\" data-end=\"417\">Bitcoin and Digital Assets Reserve Fund<\/strong>. The bill, which initially failed in the House on May 7, is now set to return for a second round of voting after passing the Senate with a narrow 16-14 vote.<\/p>\n<p data-start=\"577\" data-end=\"842\">The reconsideration motion was filed by Republican Senator <strong data-start=\"636\" data-end=\"650\">Jane Shamp<\/strong>, who had originally voted against the bill. Interestingly, the Senate vote followed mostly party lines, with only Republican Senator <strong data-start=\"784\" data-end=\"800\">Jake Hoffman<\/strong> breaking ranks to oppose the legislation.<\/p>\n<p data-start=\"577\" data-end=\"842\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-159365 \" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/06\/arizona.png\" alt=\"arizona\" width=\"618\" height=\"626\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/arizona-senate-revives-bitcoin-bill-after-reconsideration-vote\/#What_the_Bill_Proposes\" title=\"What the Bill Proposes\">What the Bill Proposes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/arizona-senate-revives-bitcoin-bill-after-reconsideration-vote\/#Governor_Hobbs_Supportive_Yet_Cautious\" title=\"Governor Hobbs: Supportive Yet Cautious\">Governor Hobbs: Supportive Yet Cautious<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/arizona-senate-revives-bitcoin-bill-after-reconsideration-vote\/#What_This_Means_for_Crypto_Policy\" title=\"What This Means for Crypto Policy\">What This Means for Crypto Policy<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"844\" data-end=\"874\"><span class=\"ez-toc-section\" id=\"What_the_Bill_Proposes\"><\/span>What the Bill Proposes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"876\" data-end=\"1011\">If passed, <strong data-start=\"887\" data-end=\"898\">HB 2324<\/strong> would allow the state to manage seized digital assets under a newly created reserve fund. According to the bill:<\/p>\n<ul>\n<li data-start=\"1015\" data-end=\"1137\">The <strong data-start=\"1019\" data-end=\"1037\">first $300,000<\/strong> worth of seized <strong data-start=\"1054\" data-end=\"1071\">Bitcoin (BTC)<\/strong> and digital assets would go to the <strong data-start=\"1107\" data-end=\"1136\">Attorney General\u2019s office<\/strong>.<\/li>\n<li data-start=\"1140\" data-end=\"1301\">Any amount above that would be distributed as follows: <strong data-start=\"1195\" data-end=\"1226\">50% to the Attorney General<\/strong>, <strong data-start=\"1228\" data-end=\"1263\">25% to the state\u2019s general fund<\/strong>, and <strong data-start=\"1269\" data-end=\"1300\">25% to the new reserve fund<\/strong>.<\/li>\n<\/ul>\n<hr \/>\n<p data-start=\"1303\" data-end=\"1628\"><em>You Might Be Interested In: <span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/coinengineer.net\/blog\/elon-musk-talks-about-the-name-of-a-new-memecoin\/\">Elon Musk Talks About the Name of a New Memecoin!<\/a><\/span><\/em><\/p>\n<hr \/>\n<p data-start=\"1303\" data-end=\"1628\">In addition, the bill seeks to expand Arizona\u2019s forfeiture laws to include <strong data-start=\"1378\" data-end=\"1396\">digital assets<\/strong> \u2014 outlining procedures for seizure, storage, and distribution. The state would be authorized to seize crypto assets in cases where the owner is deceased, deported, fled, granted immunity, or legally untraceable after due diligence.<\/p>\n<h2 data-start=\"1630\" data-end=\"1677\"><span class=\"ez-toc-section\" id=\"Governor_Hobbs_Supportive_Yet_Cautious\"><\/span>Governor Hobbs: Supportive Yet Cautious<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1679\" data-end=\"1993\">Governor <strong data-start=\"1688\" data-end=\"1703\">Katie Hobbs<\/strong> has taken a mixed stance on cryptocurrency legislation. On May 7, she <strong data-start=\"1774\" data-end=\"1792\">signed HB 2749<\/strong> into law, which authorizes the creation of a <strong data-start=\"1838\" data-end=\"1862\">Bitcoin reserve fund<\/strong> that doesn\u2019t rely on taxpayer money. This fund allows the state to <strong data-start=\"1930\" data-end=\"1939\">stake<\/strong> crypto and collect <strong data-start=\"1959\" data-end=\"1971\">airdrops<\/strong> for additional yield.<\/p>\n<p data-start=\"1995\" data-end=\"2265\">However, she <strong data-start=\"2008\" data-end=\"2026\">vetoed SB 1025<\/strong> on May 2 \u2014 a proposal that would have allowed Arizona\u2019s treasury to invest up to 10% in <strong data-start=\"2115\" data-end=\"2126\">Bitcoin<\/strong> and other digital assets. In her veto letter, Hobbs stated that public retirement funds should not be exposed to untested investments.<\/p>\n<p data-start=\"2267\" data-end=\"2452\">She also <strong data-start=\"2276\" data-end=\"2296\">rejected SB 1373<\/strong> on May 12, which aimed to form a \u201cDigital Assets Strategic Reserve Fund,\u201d again citing high volatility in the crypto markets as a risk to public resources.<\/p>\n<h2 data-start=\"2454\" data-end=\"2495\"><span class=\"ez-toc-section\" id=\"What_This_Means_for_Crypto_Policy\"><\/span>What This Means for Crypto Policy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"2497\" data-end=\"2843\">The debate in <strong data-start=\"2511\" data-end=\"2522\">Arizona<\/strong> highlights a broader trend in the U.S.: balancing innovation in the blockchain space with regulatory caution. If <strong data-start=\"2636\" data-end=\"2647\">HB 2324<\/strong> passes the House, it will head to Governor Hobbs\u2019 desk for final approval. The outcome could signal a stronger institutional role for <strong data-start=\"2782\" data-end=\"2793\">Bitcoin<\/strong> and <strong data-start=\"2798\" data-end=\"2816\">digital assets<\/strong> in state-level governance.<\/p>\n<hr \/>\n<p data-start=\"2497\" data-end=\"2843\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<span style=\"color: #0000ff;\"><a href=\"https:\/\/t.me\/coinengineernews\">Telegram<\/a><span style=\"color: #000000;\">,<\/span>\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">YouTube<\/a><\/span><span style=\"color: #000000;\">,<\/span>\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"color: #0000ff;\">Twitter<\/span><\/a>\u00a0channels for the latest<span style=\"color: #0000ff;\">\u00a0<a style=\"color: #0000ff;\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a><\/span>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Arizona Senate has voted to revive House Bill 2324 \u2014 a previously rejected proposal aiming to establish a Bitcoin and Digital Assets Reserve Fund. The bill, which initially failed in the House on May 7, is now set to return for a second round of voting after passing the Senate with a narrow 16-14<\/p>\n","protected":false},"author":28,"featured_media":40994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[11294,61,60,7220,12278,5760,18759,14555,18758,18760],"class_list":["post-44715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-arizona","tag-bitcoin","tag-btc","tag-crypto-legislation","tag-crypto-policy","tag-digital-assets","tag-hb-2324","tag-katie-hobbs","tag-reserve-fund","tag-senate-vote"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Arizona Senate Revives Bitcoin Bill After Reconsideration Vote - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/arizona-senate-revives-bitcoin-bill-after-reconsideration-vote\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arizona Senate Revives Bitcoin Bill After Reconsideration Vote - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The Arizona Senate has voted to revive House Bill 2324 \u2014 a previously rejected proposal aiming to establish a Bitcoin and Digital Assets Reserve Fund. 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