Arizona Governor Katie Hobbs approved the creation of the state’s first reserve and signed Act HB 2749. Although this Act does not allow direct investment, this Act allocates digital assets, airdrops and staking fees to the Special Fund. Meanwhile, in Oregon, Gov. Tina Kotek has placed the rubric on a project that clarifies the regulations of Bitcoin (BTC) and Cryptaactive.
According to Jeff Wehning, chairman of the Arizona Commerce Committee, the law “ensures that Arizona will not waste its value and leads the country to protect, manage, and ultimately benefit from abandoned digital currency.” It says it has launched a structure that will protect property rights, respect ownership and give the state a tool to explain it. A new category of value in the economy«.
The bipartisan support, the measure faced opposition but reflects Gov. Hobbs’s careful approach, who previously rejected the SB 1025 law on concerns about cryptocurrency volatility and its potential use in the state retirement fund. The initiative puts Arizona in the US second state to establish a Bitcoin Reserve after New Hampshire.
For Oregon, New regulations will update state Commercial Code (UCC) Establish a clear legal framework for the use of cryptographic actions in commercial transactions. Among its main provisions, digital currency is recognized as a valid guarantee. This is an important step that enables integration into financial contracts and credit operations.
With rapid legislative advances, Arizona and Oregon have joined New Hampshire as a pioneering jurisdiction in the regulation of Bitcoin and cryptocurrency. Dennis Porter, director of Satoshi Action Fund, celebrated the advancement with Social Network X, saying: In other words, they are Republican governors and other Democrats. Bitcoin can join us«. Along the same line, Vaneck analyst Matthew Sigel spread one of Porter’s publications on Arizona development, describing him as a “great achievement.”
According to Bitcoin’s legal data, there is currently 37 continuous projects related to Bitcoin Reserves and Digital Currencies in 18 States. Two of these have already become law. The Arizona HB 2749 initiative does not allow direct investment, but represents a critical step by formalizing Cryptoactive as part of the state’s financial ecosystem. Furthermore, jurisdiction can capture long-term value without assuming speculative risk.
The SB 167 law is not linked to Bitcoin Reserve, but it recognizes digital assets as legal guarantees and eliminates barriers to integration into the financial system. This makes it easier to use on contracts and loans, allowing companies in the sector to find incentives to establish themselves in Oregon. In turn, this advancement could motivate other jurisdictions and update legal frameworks.
