Arizona Becomes Second State to Enact Crypto Investment Bill

By: cryptosheadlines|2025/05/08 19:30:05
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Arizona Governor Katie Hobbs has signed House Bill 2749, making the state the second in the US to create a framework for a Bitcoin and digital asset reserve fund.The law establishes a budget-neutral approach to managing digital assets that come into state possession.The move comes days after Hobbs vetoed Senate Bill 1025, which would have allowed investment of up to 10% of treasury and pension assets in digital currencies. She described crypto assets as “untested investments” at the time, drawing the ire of industry proponents.No Direct InvestmentsThe bill is not as direct as the previous one that Hobbs vetoed. This legislation doesn’t allow direct investment, but moves unclaimed assets, airdrops, and staking rewards into a reserve.However, it shows Governor Hobbs “is willing to enact pro-crypto legislation,” said Bitcoin Laws.This matters because SB 1373, which is the meaningful Strategic Reserve bill in Arizona, is currently at Governor Hobbs’ desk awaiting either a signature or a veto, they added.Arizona Update:HB 2749 has been signed into law, technically creating AZ’s first crypto reserve.It doesn’t allow investment, but moves unclaimed assets, airdrops, and staking rewards into a reserve.IMPORTANT: Shows Gov. Hobbs is willing to enact pro-crypto legislation pic.twitter.com/BeTRdD8GlD— Bitcoin Laws (@Bitcoin_Laws) May 8, 2025There are a couple more caveats to the legislation. Assets can be actively staked by qualified custodians to generate returns for Arizona. Crypto assets are considered abandoned after three years of inactivity, and the state is prohibited from selling digital assets below market prices.Representative Jeff Weninger, who introduced the bill, thanked Satoshi Action Fund co-founder Dennis Porter for his work helping get this and other Bitcoin bills to the finish line.Arizona’s approach differs from that of New Hampshire, which recently authorized direct investment of up to 5% of public funds into cryptocurrencies with market caps exceeding $500 billion, currently only Bitcoin.The move also comes just days after Florida’s legislature dropped two similar crypto investment bills. Florida’s House Bill 487 and Senate Bill 550 have been “indefinitely postponed and withdrawn from consideration.”Texas Advances SBR BillTexas has also advanced its strategic Bitcoin reserve legislation by passing SB 21 out of the House Committee and to the final floor for a vote before heading to the Governor’s desk.The bill gives the Texas Comptroller of Public Accounts the authority to acquire, sell, and trade investments, including digital assets.HUGE: TEXAS JUST PASSED ‘STRATEGIC BITCOIN RESERVE’ OUT OF THE HOUSE COMMITTEE. NOW HEADED FOR FINAL FLOOR VOTE BEFORE GOING TO THE GOVERNOR’S DESK.— Dennis Porter (@Dennis_Porter_) May 7, 2025Bitcoin prices reacted positively to the news, gaining 2.4% on the day and approaching the $99,000 level, its highest price since late February.SPECIAL OFFER (Sponsored)Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!Source link

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From a numbers standpoint, Real Madrid stayed composed under pressure, completing 526 passes with a 52.4% share of possession. Atlético struck first in the 33rd minute through Lookman. After the break, Real Madrid flipped the game: Vinícius converted a penalty to level, then Valverde fired them ahead. Molina pulled Atlético back on level terms, but Vinícius stepped up again in the 72nd minute to seal the win. Late drama followed as Valverde saw red, forcing Real Madrid to defend deep with ten men through the final stretch. Atlético's aggressive approach—12 fouls and 4 yellow cards—kept the pressure on, but they couldn’t stop the comeback.

WEEX Insights: As the official LALIGA partner in the Hong Kong and Taiwan regions, WEEX sees this win as a masterclass in control under pressure. Even after a red card and constant attacks, Real Madrid stayed sharp and executed with precision. That same discipline—staying calm in volatile moments and acting with clarity—reflects the core trading mindset WEEX stands for. LALIGA fan campaigns are coming soon—celebrate the game with WEEX.

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official 

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 Tiktok: @weex_global 

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WEEX Insights: As the Official LALIGA Partner in HK & TW, WEEX sees Barça’s 89% passing accuracy as a clear example of high execution with minimal error. Staying precise under pressure and finding the breakthrough reflects the same disciplined approach used in rational trading.

LALIGA interactive campaigns are coming soon—stay tuned with WEEX ⚽️

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official

 Instagram: @WEEX Exchange 

Tiktok: @weex_global 

Youtube: @WEEX_Official 

Discord: WEEX Community 

Telegram: WeexGlobalGroup

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