Two American states have taken important steps to integrate Bitcoin and digital assets into public policy.
On May 7, Arizona and Oregon adopt new laws that indicate the growing acceptance of crypto at state level.
Arizona launches Digital Asset Reserve
Arizona has set up a Bitcoin and Digital Asset Reserve Fund run after the passage of House Bill 2749. Governor Katie Hobbs signed The bill on May 7.
The new legislation enables the State to claim the ownership of abandoned digital assets after three years of inactivity. Once is under the state, these assets can be used or used to receive airdrops, with yields deposited in the reserve.
According to Jeff Winger, chairman of the home trade committee, the measure is intended to ensure that Arizona can conquer value of forgotten digital currencies. He noted that the framework respects the property rights and at the same time the state helps to adapt to financial innovation.
He added:
“Digital assets are not the future – they are the present … We have built a structure that protects ownership rights, respects ownership and gives the state tools to explain a new category of value in the economy. It is precisely the type of policy we should lead to – modern, accurate and built with a concept of where technology and finance go.”
In the meantime, the passage of House Bill 2749 has increased optimism among proponents of Crypto, especially when Senate Bill 1373 awaits the governor’s decision.
Crypto -Bitcoin -Laws stated:
“This is important because SB 1373, the meaningful strategic reserve legislation in Arizona, is currently at the Bureau of Gouverneur Hobbs, pending signature or veto.”
SB 1373 would enable the treasurer to assign to Bitcoin up to 10% of Arizona’s budget stabilization fund. Proponents claim that this would create a strategic hedge for state finances.
Despite this progress, not all Bitcoin-oriented proposals in the state have passed. Governor Hobbs recently pronounced a veto against a separate measure, Senate Bill 1025, which would enable the State to seize funds in Bitcoin.
Hobbs mentioned concern about exposing public money to volatile and non -tested assets. Senator Wendy Rogers, however, sworn to re -introduce the proposal to a future session.
Oregon recognizes Crypto as collateral
Oregon has also taken an important step to normalize the crypto in the financial markets.
By means of Senate bill 167The State has updated its uniform commercial code to classify digital assets such as Bitcoin as acceptable collateral with secure loans.
The law also recognizes the validity of electronic data, signatures and blended transactions, creating a simpler path for blockchain -based trade.
Markt experts say that this update reduces the uncertainty for institutions that use crypto in loans and credit schemes. They added that this legislative step will stimulate the acceptance of the crypto in the Oregon financial ecosystem and encourage the development of credit products covered by assets.
