The Arizona cryptocurrency reserve bill has passed the House committee and entered the third reading stage

ChainCatcher news, according to Cointelegraph, a cryptocurrency reserve bill in Arizona has passed the House and is now just one successful vote away from being submitted to the governor's desk for formal approval.

On April 17, Arizona's Strategic Digital Asset Reserve Act (SB 1373) was approved by the full committee of the House. Before the third and final reading and full vote, the bill must be reviewed by 60 members of the House. SB 1373 aims to establish a strategic reserve fund for digital assets, composed of digital assets seized through criminal proceedings, and managed by the state treasurer.