What to Know
- Arizona Senate Bill 1649 has advanced after clearing the Senate Rules Committee, moving closer to a full floor vote in Arizona.
- The bill proposes creating a state-managed Digital Assets Strategic Reserve Fund that could hold cryptocurrencies such as Bitcoin and XRP.
- If passed, the state treasurer would manage custody of the assets, and XRP could qualify for inclusion under the bill’s “digital gold standard” eligibility criteria.
The Arizona Senate Bill 1649, which includes BTC, XRP, and other cryptocurrencies as part of an official state digital asset reserve, has gotten a new update, advancing to the next stage in the lawmaking process.
The Bill outlines plans for a Digital Assets Strategic Reserve Fund and aims to establish a framework allowing Arizona to hold and manage selected digital assets under state oversight. Interest in the legislation has grown especially within the XRP community, since the bill directly references XRP within its reserve eligibility structure.
Bill Clears Senate Rules Committee
According to official documents shared by analyst ChartNerd on X, the Arizona Senate Bill 1649 has now cleared the Senate Rules Committee, marking the latest step in the legislative process. Notably, this comes shortly after clearing the Senate Finance Committee in February, thus getting closer to a Full Floor Vote in the Arizona Senate. The update confirms that the legislation continues progressing through the state’s lawmaking process.
Also Read: Alert: Egrag Crypto Warns Its ‘Time to Buy XRP’ – Here’s Why
🚨 BREAKING! ARIZONA SENATE BILL 1649 NAMES $XRP IN STRATEGIC RESERVE!
As of March 2026, The Bill Has Cleared the Senate Finance Committee and The Rules Committee, Moving it Closer to a Full Floor Vote 🗳 $XRP Now Sits Under Arizonas “Digital Gold Standard” Framework 🔥 https://t.co/icSzc1VNk0 pic.twitter.com/MblEdyPC7T
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) March 9, 2026
Arizona’s Digital Asset Reserve Proposal
As previously reported by 36Crypto on 18 February, Arizona lawmakers have been reviewing legislation aimed at establishing a state-managed digital asset reserve. The bill had previously passed the Senate Finance Committee earlier in the review process with a 4–2 vote before advancing to the Rules Committee.
The proposal introduces a Digital Assets Strategic Reserve Fund supported by funds appropriated by the Arizona legislature. Additionally, digital assets seized, confiscated, or surrendered to the state could also become part of the reserve.
Under the framework, the Arizona state treasurer would oversee the fund and manage custody arrangements. The treasurer would also ensure digital assets remain securely held through qualified custodians or regulated investment products.
What it Means for XRP
Details within the bill clarify how the reserve determines which digital assets qualify for inclusion. The proposal introduces a digital gold standard benchmark designed to evaluate cryptocurrency eligibility, where assets reaching at least one percent qualify under the framework. The bill lists several digital assets within that benchmark category, including Bitcoin, Digibyte, XRP, stablecoins, and other digital assets meeting the defined criteria.
Consequently, XRP appears within the eligibility framework for Arizona’s proposed strategic reserve, joining Bitcoin among assets evaluated under the digital gold standard criteria. If the legislation advances through the remaining stages of the lawmaking process, XRP could become one of the digital assets recognized within Arizona’s strategic reserve framework.
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