Arizona Enacts Unclaimed Crypto Law

Arizona Enacts Law for Unclaimed Crypto Assets

• Arizona passed HB 2749, allowing unclaimed crypto assets to be held in their native form.
• The law sets a three-year dormancy threshold before digital assets are turned over to the state.
• A reserve fund will capture earnings from unclaimed assets, requiring legislative approval for distribution.
• Governor Katie Hobbs signed the bill into law, modernizing Arizona’s approach to unclaimed property laws.
• This measure is separate from a vetoed proposal for a Strategic Bitcoin Reserve.

Arizona’s new law, HB 2749, allows the state to retain unclaimed digital assets in their original form after three years of inactivity, with earnings managed through a reserve fund. Governor Hobbs signed this into law while vetoing a separate Bitcoin reserve proposal.