Arizona advances bill to hold Bitcoin and XRP in state reserve fund
Arizona lawmakers advanced a proposal that would allow the state to hold digital assets in a strategic reserve. The legislation, which includes XRP among eligible assets, cleared a key committee vote by 4–2 and will now proceed further through the state legislature. For a token that has spent years under regulatory scrutiny, the proposal places XRP within a public finance structure. The move signals how some states are exploring digital assets as part of broader treasury and fiscal management strategies. Reserve structure The proposed Digital Assets Strategic Reserve Fund would be managed by Arizona’s State Treasurer. According to the bill, the fund would consist of digital assets seized or surrendered to the state, as well as funds appropriated by lawmakers....
