[Arizona Advances Legislation to Establish State-Level Digital Asset Reserve Fund Using Seized Cryptocurrency] According to a report by Golden Finance, Arizona is advancing legislation to establish a state-level digital asset reserve fund using seized cryptocurrency. Arizona Senate Bill 1649 (AZ SB1649) permits the state treasurer to hold, invest in, or lend BTC, XRP, and 'any other assets that exist solely in digital form and confer economic rights, ownership, or access.'