Arizona Senate Considers Establishing Digital Asset Reserve with XRP

The Arizona State Senate is poised to review a proposed legislation that would create a digital asset reserve, managed by the state treasurer. The fund would hold various cryptocurrencies, including XRP, Bitcoin, and DigiByte, which are explicitly mentioned in the bill.

According to the proposal, the Digital Assets Strategic Reserve Fund could include assets seized or surrendered to the state or specifically authorized by lawmakers. Supporters argue that adding diverse digital assets like XRP would signal Arizona's openness to blockchain innovation and help diversify financial tools.