Arizona House to vote on bill allowing XRP in state reserves

Arizona moves to hold crypto in a state reserve. SB1649 passed House Rules 8–0 and heads to a full House vote.

The bill creates a Digital Assets Strategic Reserve Fund under the state treasurer. It lets Arizona keep state-held, seized, or surrendered digital assets instead of liquidating them, with potential yield from staking, airdrops, or limited lending if risk does not rise. Sources: House Rules 8–0 roll call, measure overview and status.

Custody can run through a secure solution or an approved exchange-traded product. The treasurer would administer the fund directly. Details in bill summary.

The bill defines what qualifies via a fair‑value test. It screens by network adoption, annual transactions, transaction value, and development activity before an asset can be treated as a reserve holding. Bill criteria.

Named assets include:
- Bitcoin
- XRP
- Dash
- Internet Computer (ICP)
- Ravencoin
- Chia
- eCash
- Monero
Stablecoins and NFTs can also qualify if they meet the test. Asset scope.

Abandoned property rules change. Digital assets reported as abandoned could be delivered in native form to the state or its custodian. If unclaimed, staking rewards and airdrops may move into the reserve. Abandonment and rewards.

XRP is singled out by name in the bill, alongside Bitcoin, which drew extra attention. The proposal is still not law. Status and naming, House Rules vote 8–0 on Mar 30.

Title: Arizona advances crypto reserve bill, names XRP; House Rules backs 8–0