SB1373

Establishes a Digital Assets Strategic Reserve Fund in Arizona to manage seized digital assets.

Arizona SB1373 establishes a Digital Assets Strategic Reserve Fund to manage digital assets seized by the state. The fund is administered by the state treasurer, who deposits seized digital assets through a secure custody solution or as exchange traded products. The fund is continuously appropriated and exempt from lapsing of appropriations. The state treasurer can loan digital assets to generate returns if it does not increase financial risks. The bill also defines terms such as "cryptographic private key," "digital assets," and "secure custody solution.