The state of Arizona is advancing in the creation of a strategic reserve of digital assets that would explicitly include XRP among its eligible assets. The SB1649 bill, introduced on February 3 by legislator Mark Finchem, passed the Senate Finance Committee with a 4-2 vote and now stands before the Senate Rules Committee, the step prior to an eventual vote on the chamber floor.
The proposal contemplates the creation of a Digital Assets Strategic Reserve Fund under the administration of the Arizona State Treasurer. The fund would not use taxpayer money to acquire assets on the open market, but rather would be capitalized with cryptocurrencies seized or forfeited in criminal or civil proceedings. Alongside XRP, the text explicitly mentions Bitcoin and DigiByte, while also admitting stablecoins, NFTs and other blockchain-based instruments.
If approved, Arizona would become the first state in the United States to formally include XRP in a government-managed financial reserve structure. However, it must be noted that Governor Katie Hobbs vetoed two similar bills in 2025, citing concerns over volatility and the state’s fiscal exposure.
Fuente: https://x.com/InvestWithD/status/2025626043303030788
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