The Arizona House of Representatives in the United States passed the Digital Asset Reserve Fund Act
ChainCatcher News, the Arizona House Committee in the United States passed the "SB 1373" bill on Thursday, which aims to establish a Strategic Digital Asset Reserve Fund, with funding sources including appropriations and seized cryptocurrency assets. The Treasurer may hold and lend assets through compliant channels to generate revenue, with an annual investment cap of 10% of the total fund amount. The bill covers blockchain assets such as Bitcoin, stablecoins, and NFTs. The bill will officially take effect after being submitted to the governor for signature.