The United States continues to take steps towards adopting Bitcoin (BTC) and cryptocurrencies as reserve assets.
The latest news at this point comes from the state of Arizona.
Arizona’s “Senate Bill SB1649” has made significant progress by passing the Senate Finance Committee, bringing the state one step closer to establishing a digital asset reserve fund that would include Bitcoin and $XRP.
The bill, introduced by Republican Senator Mark Finchem on February 3, 2026, aims to create a Digital Assets Strategic Reserve Fund, to be managed by the state treasury, that would include Bitcoin and $XRP.
The proposed reserve fund would include digital assets seized, confiscated, or surrendered by the state. The bill lists Bitcoin, $XRP, and DigiByte as eligible assets. Specifically, the bill explicitly mentions $XRP among the digital assets that could be included in the reserve, suggesting a potential increase in institutional investment in $XRP.
The bill will go to the Senate Rules Committee after approval by the Senate Finance Committee. To become law, it needs the approval of the entire Senate, the House of Representatives, and the governor’s signature.
If the bill becomes law, Arizona will join a small but growing group of US states, including Florida, New Hampshire, Wyoming, and Texas, that are advancing digital asset legislation. New Hampshire recently became the first state to pass legislation explicitly allowing public funds to be invested in cryptocurrencies, while Texas created a Texas Strategic Bitcoin Reserve, managed by a financial auditor, by enacting SB 21 in June 2025.
*This is not investment advice.