Arizona House of Representatives passes digital asset reserve fund bill

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ODAILY
04-18
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Planet Daily News: The Arizona State House Committee has passed the "SB 1373" bill on Thursday, proposing to establish a strategic digital asset reserve fund, with funding sources including appropriations and seized crypto assets. The financial officer can hold and lend assets through compliant channels to generate returns, with an annual investment cap of 10% of the total fund. The bill covers blockchain assets such as Bitcoin, stablecoins, and Non-Fungible Token. The bill will officially take effect after being signed by the governor.

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