HB 2324 goes to the desk of the Governor after the vote of the house, set up a US First: a Bitcoin reserve run by the State that is fully funded by forfeited digital assets
The House of Representatives of Arizona was successful House Bill 2324 on Tuesday approval Legislation to create the first Bitcoin reserve in the United States that are funded exclusively by seized digital assets. The vote of 34-22, with four members who do not vote, sends the bill to Governor Katie Hobbs, who now has five working days to sign it or too veto.
If established, the Arizona measure would position as a national pioneer, unlike New Hampshire and Texas, who recently inspected their own Bitcoin reserves at state level with the help of public funds. The version of Arizona, on the other hand, would do that Exclusive from digital assets forfeited in criminal investigationsmaking it the first Bitcoin reserve ‘seized’ Bitcoin reserve of the country.
No taxpayer exposure
Under HB 2324, the first $ 300,000 of each digital loss of assets would go to the Arizona -General Arizona office. The rest would be split: 50% up to the AG, 25% for the General Fund of the State, and 25% in the newly created Bitcoin -ReserveA framework explicitly defined in the legislation.
The reserve must be held in a state -approved, secure digital wallet. Although the bill does not require annual audits, it does limit how assets can be liquidated.
Every sales or conversion of Bitcoin must take place via “Cryptocurrency exchanges or other secure platforms approved by the state,” said De Bill Text. However, there is no explicit requirement for case legislation or executive approval for liquidation.
Tuesday’s vote came five days after the Senate of Arizona took the measure 16–14 and the measure. With now set home competition, the bill is transferred to GOV. Hobbs, who has to act until 1 July.
Set a precedent
The bill makes Arizona the third American state to authorize a Bitcoin reserve, but the first to do this without any taxpayer.
| Stands | Reserve model | Status | Source |
|---|---|---|---|
| New Hampshire | Up to 5% of the Treasury funds in BTC/Mega Caps | Established (May 6, 2025) | General Treasury Funds |
| Texas | Strategic bitcoin -reserve of $ 10 million | Signed in the law (June 22) | Public -owning |
| Arizona | Forfeited bitcoin reserve | Passed house and senate | Only confiscated crypto |
While the bill attracted strong Republican support, it also won the attention of crypto-oriented policy groups such as such as such as Satoshi Action Fundwho is active in helping states in adopting Bitcoin.
For fiscal conservatives, the model is attractive as a way to build hard-asset reserves that are insulated by inflation and federal tax risks. For proponents of Crypto, it marks a different milestone in normalizing Bitcoin as a strategic public possession, related to gold.
Will Hobbs sign?
Governor Katie Hobbs has not indicated whether she is planning to sign HB 2324 or too veto. In May she rejected a wider Bitcoin reserve (SB 1025), funded by the taxpayer, called it “premature” and the cleaning of concern about the risk of custody.
However, she signed HB 2749 that same month later and Arizona authorized to keep unclaimed digital property, including crypto,, which suggests a potentially softer posture when the state does not immediately assign funds.
Senator Wendy Rogers, a vocal supporter of the bill, emphasized the importance of the integration of Bitcoin in the financial strategy of Arizona, with which he advocated measures that strengthen the fiscal position of the state without increasing taxes.
The law of Arizona grants the governor five working days, excluding Sunday, to act on an account once it has been sent. If no action is taken before 1 July, HB 2324 automatically becomes law.
What comes afterwards
If the bill is determined, the state must close its custody framework before deposits start. Although no official timeline has been announced, the first contributions of seized crypto can start feasible in the end of 2025, depending on the implementation of legal execution and assets -inferior statement.
Various other states investigate similar ideas. Formal Bitcoin reserve accounts have already been submitted in Missouri (HB 1217), Wyoming (HB 0201) and Oklahoma (HB 1203), although no law has yet been signed.
For the time being, Arizona is ready to become the first US state to build a sovereign Bitcoin reserve that is fully financed by seized digital assets, not by taxpayers. This would be a legal and symbolic shift of the models that are seen in New Hampshire and Texas.
