The HB 2749 Law allows Arizona to create a reservation, but does not authorize the investment.
Oregon launches the SB 167 Law, which clarifies legal terms on cryptoactive.
The governor of Arizona, Katie Hobbs, signed Law HB 2749, authorizing the creation of the first reserve of state cryptocurrencies. This legislation allows undeppent digital assets, airdrops and staking rewards to be allocated to a special fund, although it does not authorize direct investments. Meanwhile, in Oregon, Governor Tina Kotek placed her rubric in a project that provides clarity about the regulation for Bitcoin (BTC) and cryptoactives.
According to Jeff Weninger, president of the Arizona Committee of Commerce, the law “guarantees that Arizona does not waste value and positions them to lead the country in the protection, management and, ultimately, in obtaining benefits of abandoned digital currencies.” Affirms that from the jurisdiction they have launched a structure that “protects property rights, respects ownership and gives the State the tools to account A new category of value in the economy«.
The measure, which received bipartisan support, although it also faced opposition, reflects the prudent approach of Governor Hobbs, who previously vetoed the SB 1025 law for concerns about the volatility of cryptocurrencies and their possible use in state retirement funds. With this initiative, Arizona becomes the second state of the United States, after New Hampshire, to establish a Bitcoin reserve.
As for Oregon, The new regulations updates the State Commercial Code (UCC) of the State and establishes a clear legal framework for the use of cryptoactives in commercial transactions. Among its main provisions, it recognizes digital currencies as a valid guarantee, a key step to enable their integration into financial contracts and credit operations.
In a rapid legislative advance, Arizona and Oregon joined New Hampshire as pioneer jurisdictions in the regulation of Bitcoin and cryptocurrencies, barely hours of difference between their approvals. Dennis Porter, director of Satoshi Action Fund, He celebrated this progress In the social network X, stating: «In just 48 hours, two states promulgated laws to establish a strategic BTC reserve; That is, a Republican governor and another Democrat. Bitcoin can join us«. Along the same lines, Matthew Sigel, Analyst of Vaneck, He spread One of Porter’s publications about development in Arizona, describing it as “a great achievement.”
According to data Bitcoin Laws, there are currently 37 ongoing projects related to bitcoin reserves and digital currencies in 18 states. Of these, two have already become law. Although Arizona’s HB 2749 initiative does not authorize direct investments, it represents an important step by formally recognizing cryptoactives as part of the state financial ecosystem. In addition, it allows jurisdiction to capture long -term value without assuming speculative risks.
Although the SB 167 law is not linked to a Bitcoin reserve, it recognizes digital assets as a legal guarantee, eliminating barriers for integration into the financial system. This facilitates its use in contracts and loans, which would lead companies in the sector to find incentives to establish themselves in Oregon. In turn, this advance could motivate other jurisdictions to update their legal frameworks.