Arizona State Senate, Bitcoin reserve bill passes…Possible to build reserves with confiscated cryptocurrency

On June 20, 2025, the United States Arizona State Senate passed the bill (HB 2324) allowing the reserve of Bitcoin (BTC) by 16 votes in favor and 14 against, reported by Cointelegraph. The bill now moves to the state House of Representatives for the final legislative process.

The core idea of the HB 2324 bill is to allow the state government to convert confiscated cryptocurrency assets during criminal investigations into reserves, and to introduce a structure for reserving Bitcoin as part of the state's finances, allowing it to be used as a means of diversifying future market risk.

This is interpreted as one of the first cases where a state government in the United States considers digital assets as an official financial means, aligning with the national-level BTC reserve movements of countries such as El Salvador and Brazil.

This bill has attracted attention as it shifts existing concerns that cryptocurrency could be used as criminal proceeds, rather focusing on state fiscal stabilization and the innovative attempt to utilize blockchain-based assets.