The Arizona House has approved HB2324, which enables the state treasurer to manage seized cryptocurrencies, pending Governor Hobbs' signature.
The Arizona House approved HB2324 with a vote of 34-22, establishing a fund for managing cryptocurrencies seized during criminal investigations. The bill allows the state treasurer to invest these assets, with proceeds directed to various funds. This legislative move follows a recent bill targeting abandoned cryptocurrencies, highlighting Arizona's evolving approach to digital assets.