Arizona Launches State-Backed Bitcoin Reserve Through Unclaimed Crypto Law

By: defi-planet|2025/05/08 22:15:02
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Arizona has become the first U.S. state to create a Bitcoin and Digital Asset Reserve Fund using unclaimed cryptocurrency, following Governor Katie Hobbs’ approval of a new law that positions the state at the forefront of digital asset management.On May 7, Hobbs signed House Bill 2749 into law, enabling the state to claim ownership of abandoned crypto assets when owners fail to respond to official outreach within three years. The assets will be managed without touching taxpayer dollars or state funding. They can be staked or used to receive airdrops, earnings from which will be funnelled into Arizona’s newly established digital reserve fund.“This law ensures Arizona doesn’t leave value sitting on the table,”said Representative Jeff Weninger, the bill’s sponsor, on May 7.“We’ve built a structure that protects property rights, respects ownership, and gives the state tools to account for a new category of value in the economy,”The move comes just days after Hobbs vetoed a similar proposal—Senate Bill 1025—on May 3, allowing the state to invest seized funds into Bitcoin directly. In that case, Hobbs raised concerns about deploying public funds into what she described as “untested assets.”Despite the veto, the approval of HB 2749 has sparked optimism among crypto advocates, including Bitcoin Laws founder Julian Fahrer, who noted it could signal Hobbs’ willingness to support Senate Bill 1373. That pending legislation would permit Arizona’s treasurer, Kimberly Yee, to invest up to 10% of the state’s Budget Stabilization Fund in Bitcoin.Arizona’s move follows a similar decision in New Hampshire. Governor Kelly Ayotte signed House Bill 302 on May 6, granting the state treasury authority to invest in cryptocurrencies with market caps exceeding $500 billion—currently a category exclusively occupied by Bitcoin. Meanwhile, Florida has advanced towards adopting Bitcoin as a strategic reserve asset, with House Bill 487 receiving unanimous approval from the House Insurance and Banking Subcommittee on April 10. If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”The post Arizona Launches State-Backed Bitcoin Reserve Through Unclaimed Crypto Law appeared first on DeFi Planet.

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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.


Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.


Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps


Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.


The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position


The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.


Social-Native Trading: Strategy and Execution Completed in the Same Context


Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying


On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.


By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.


Referral Mechanism: Non-institutional users can receive up to 60% fee split


Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings


This model aims to drive user-driven network expansion and organic growth.


Self-Custody Architecture and Built-in Privacy Mechanism


Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:


· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure


The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.


A New Path for On-Chain Derivatives


Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.


The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.


Regulatory Background


Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.


This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."


The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.


About Mixin


Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.


Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication


Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.


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