Arizona Senate Panel Backs Crypto Reserve Bill Naming Bitcoin, XRP and DigiByte on 16 February 2026

On 16 February 2026, Arizona’s Senate Finance Committee approved a bill to establish a state-managed Digital Assets Strategic Reserve Fund using seized cryptocurrencies instead of taxpayer money. The proposal, filed on 3 February 2026 by Mark Finchem, names Bitcoin, XRP and DigiByte as eligible assets, and could make Arizona the first U.S. state to formally include XRP in a government reserve structure. Under the plan, the State Treasurer would oversee custody, investment and potential lending of these digital assets within strict risk and storage rules.