CZ Reacts to Arizona’s Bitcoin Reserve Law Signed in May 2025

Arizona has become the second U.S. state to approve a Strategic Bitcoin Reserve. Governor Katie Hobbs signed House Bill 2749, the state joined New Hampshire in paving the way for the future of digital assets growth. This law main aim is to use the unauthorised digital assets reserves in the state finances. Hence, it attracted many crypto enthusiasts like CZ and Hunter Horsley. Let’s get into more details to know the CZ reaction to the Strategic Bitcoin Reserve.  

The Journey of House Bill 2749

The newly enacted House Bill 2749 is part of a long string of legislative bills and discussions. Sponsored by Representative Jeff Weninger in February, the bill garnered bipartisan support because of its conservative approach to handling digital assets. Unlike its predecessor, Senate Bill 1025, which proposed investing treasury and pension funds up to 10% in digital assets, HB 2749 is conservative.

Governor Hobbs previously vetoed SB 1025, citing concerns regarding risking retirement dollars on experimental investments. HB 2749’s novel approach, however, which includes using unclaimed digital assets rather than state funds, finally won her approval. The legislation is to translate profits within Arizona’s unclaimed-property program into a diversified digital reserve focused primarily on Bitcoin.

CZ Reacts to the Bitcoin Reserve Bill

Ex Binance co-founder, Changpeng Zhao (CZ), recently reacted to Arizona’s decision to sign House Bill 2749, expressing his views on Twitter. He stated, “You can buy while governments are buying or after they have bought. The ‘before’ option is disappearing.”

His statement highlights the increasing global trend of governments recognizing the potential of Bitcoin as a strategic reserve. CZ’s reaction to the Bitcoin reserve bill reflects a broader sentiment among crypto enthusiasts who see these legislative moves as a step toward mainstream adoption.

How HB 2749 Affects the Future of State Finance

The newly signed House Bill 2749 outlines a unique strategy to leverage unclaimed digital assets. The bill mandates that unclaimed-property profits, including interest, airdrops, and staking rewards from digital assets, be redirected into a state reserve. This approach ensures that Arizona can benefit from digital assets without directly risking taxpayer money.

Additionally, the bill requires robust U.S.-regulated custody to manage and secure these assets. It allows the state to stake digital assets, creating a potential revenue stream through staking rewards. This method not only diversifies Arizona’s investment portfolio but also aligns with the state’s cautious financial policies.

Comparing Arizona’s and New Hampshire’s Approaches

While Arizona and New Hampshire are leading the way in state-backed Bitcoin reserves, their approaches differ significantly. Arizona’s signed House Bill 2749 focuses on using unclaimed digital assets, while New Hampshire’s HB 302 allows direct investment of public funds into digital assets with substantial market capitalization, like Bitcoin. New Hampshire allows up to 5% of public funds in the form of Bitcoin. Arizona, however, taps into idle assets without dipping into state treasuries since it is worried about fiscal responsibility with the emergence of digital innovation.

What This Means for Arizona’s Financial Future

The signing of House Bill 2749 marks a significant milestone in Arizona’s approach to digital finance. By converting idle unclaimed digital assets into productive reserves, the state takes a calculated step toward modernizing its treasury without exposing itself to high risk.

CZ’s reaction to the Bitcoin reserve bill underlines the global significance of such moves. Arizona’s balanced response could encourage other states to think about adopting digital assets in public finance. Arizona’s progressive initiative raises the bar for other states by providing responsible management of digital assets and their economic value. The bill will be watched as the state strives for meaningful management of these financial instruments for fiscal health.