XRP included in Arizona digital reserve bill

Lawmakers in the state of Arizona have advanced a bill that adds XRP as an eligible asset in the proposed Digital Assets Strategic Reserve Fund.

The decision was made following a committee vote with a 4–2 result, moving the measure to the next stage of the legislative process.

The draft bill – S.B. 1649 – provides for the creation of a strategic digital asset reserve administered by the state treasury. The fund will be able to hold digital assets seized by or surrendered to the state, as well as funds approved by the legislature.

In the updated version, XRP is explicitly included among the assets that can be held in the fund, alongside other digital currencies and tokens that meet certain criteria for economic and technical sustainability.

What the bill provides

According to the document:

• The fund will be managed by the state treasurer.
• Digital assets must be held through qualified custodians.
• The treasury may invest funds in the reserve, provided that financial risk to the state is not increased.
• The lending of digital assets from the fund to generate additional yield is possible.

The bill also defines the concept of “fair price for cryptocurrencies” through a set of criteria, including market capitalization, network activity, and economic viability.

Broader context

Arizona ranks among a group of states exploring the possibility of creating state reserves in digital assets. The inclusion of XRP can be seen as a signal of expanding scope beyond Bitcoin and Ethereum in such initiatives.

Following the committee’s approval, the bill is set to be considered at the plenary level. If passed, Arizona could become one of the first states to officially integrate a broader range of crypto assets into a strategic reserve model.

The next steps in the legislative process will show whether the initiative will become a real part of the state’s financial policy or remain within the framework of political debate.