NewsBTC
Feb 19, 2026
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BULLISH 📈 : Arizona advances bill for state-held cryptocurrency reserve including XRP

Arizona is progressing towards establishing a public reserve of cryptocurrency, including XRP, following the advancement of Senate Bill SB1649. This bill allows the state treasurer to hold and invest digital assets obtained by the state.

Key Developments

  • A committee vote on February 16 resulted in a 4–2 approval, moving the bill forward in the legislative process.
  • The Arizona Senate Finance Committee supports provisions for managing digital assets through custody and regulated exchange-traded vehicles.
  • The fund will manage assets seized or surrendered to the state, using advanced custody tools to mitigate risk.

Cryptocurrency Reserve Details

  • The plan includes creating a managed reserve for eligible assets like XRP.
  • XRP's inclusion highlights its potential use case in cross-border payments despite past regulatory challenges.
  • This move may signal increased public-sector engagement with cryptocurrencies but raises questions about legal and operational frameworks.

Market and Policy Reactions

  • Traders show mixed reactions; state-level acceptance of specific tokens can influence market sentiment.
  • Legal scrutiny will focus on custody rules, asset valuation, reporting, auditing, insurance, and governance of the fund.

XRP Market Update

  • Currently, XRP trades at $1.46, reflecting increases of 0.7% daily and 6.7% weekly.