On May 7, 2025, Arizona Governor Katie Hobbs signed a significant law establishing a Bitcoin and Digital Assets Reserve Fund, making Arizona the second U.S. state to do so. This legislation aims to modernize state financial practices and protect residents' virtual assets.
Arizona and New Hampshire have enacted new laws allowing state investments in cryptocurrencies. Arizona's law permits maintaining a reserve of unclaimed crypto, while New Hampshire allows a 5% investment in digital assets. These moves reflect a growing acceptance of cryptocurrencies in government.