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Arizona Governor Katie Hobbs has signed House Bill 2749, creating the state’s first framework for a Bitcoin and digital asset reserve fund. The move signals cautious support for crypto while avoiding direct treasury investments. Meanwhile, Texas advances its own strategic Bitcoin reserve bill, fueling market optimism.
- Arizona's HB 2749 creates a crypto reserve fund for unclaimed assets and staking rewards, but prohibits direct state investments in digital currencies.
- Texas advances SB 21, which would authorize the state comptroller to manage Bitcoin reserves, signaling broader acceptance of crypto at state government levels.
- The legislative developments coincided with a 2.4% Bitcoin price surge, demonstrating market sensitivity to regulatory progress in key U.S. states.
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