Arizona: Crypto Task Force and Legislation

Task force: ConcludedReserve: EnactedKiosks: Law

Task force or study body Confirmed

Blockchain and Cryptocurrency Study Committee (2021) · Concluded

• Created by: HB 2544, Laws 2021 Ch. 339; approved by the governor May 7, 2021 (session law PDF read).
• Organized by: Arizona Legislature (statute); members appointed by the Senate President and House Speaker; agency seats filled by directors or designees.
• Led by: Two co-chairs: one Senate member designated by the Senate President and one House member designated by the Speaker. Individual names not found.
• Members: 19 members: 3 senators, 3 representatives, Director of Dept. of Revenue, Director of Dept. of Insurance and Financial Institutions, Attorney General (or designees), plus industry, academic, financial and public representatives.
• Outputs and timeline: Statute required an initial report by Dec. 31, 2021 and a final report by Dec. 31, 2022; section repealed Sept. 30, 2023. No report PDFs located.

Sources: Laws 2021, Ch. 339 (HB 2544) PDF, HB 2544 text as introduced (Arizona Legislature)

Blockchain and Cryptocurrency Study Committee (2020 proposal, HB 2400) · Proposed, not established

• Created by: HB 2400, 2020 Second Regular Session (54th Legislature). Bill text and a strike-everything amendment summary read; whether it was enacted is NOT confirmed.
• Organized by: Arizona House (Speaker appointments), per the bill text.
• Led by: A House member designated by the Speaker would chair (per the bill text). No names found.
• Members: Per text: three House members plus industry, university, Dept. of Revenue director and public members (nine members in the House-engrossed text; the amendment summary describes 11).
• Outputs and timeline: Would have reported by Dec. 31, 2020 and been repealed after Sept. 30, 2021; no report found.

Sources: HB 2400 House Engrossed (PDF), HB 2400 Commerce committee amendment summary

Arizona Cryptocurrency and Blockchain Commission (proposed, HB 2654, 2025) · Proposed, not established

• Created by: HB 2654, 2025 First Regular Session, sponsor Rep. Weninger; House engrossed version read (committee vote 9-0-0-1). Enactment NOT confirmed; NCSL's 2025 tracker lists it as pending.
• Organized by: Would be a legislative-created commission with a Speaker/Senate President appointment structure.
• Led by: Would be chaired by a House member designated by the Speaker; would appoint an 'Arizona Crypto Czar' from its members. No actual officeholders (bill only).
• Members: Proposed: legislators, industry specialists, blockchain innovators, and ex officio the CEO of the Arizona Commerce Authority and the directors of the Dept. of Revenue and DIFI plus the Attorney General (22 members in the text read; the summary says 18).
• Outputs and timeline: Proposed annual report each Dec. 1; proposed termination July 1, 2028.

Sources: HB 2654 House Engrossed (PDF), HB 2654 House Engrossed summary, NCSL 2025 tracker listing HB 2654 as pending

Only the 2021 committee (Ch. 339) is confirmed as enacted. HB 2400 (2020) and HB 2654 (2025) final outcomes could not be verified (bill-status pages blocked or not fetched). The Arizona Regulatory Sandbox Program (Attorney General) exists as a fintech program, not a task force; a 2025 bill to rename it a fintech/digital asset sandbox (HB 2906) was vetoed Apr. 18, 2025.

Bitcoin or digital asset reserve law Confirmed

HB 2749 (Laws 2025 Ch. 150, approved May 7, 2025) created a Bitcoin and Digital Assets Reserve Fund administered by the State Treasurer, funded by airdrops, staking rewards and interest on digital assets held under the unclaimed property law; it does not authorize buying crypto with public funds. Other efforts failed: SB 1025 (investing up to 10% of state funds, vetoed May 2, 2025), SB 1373 (vetoed May 2025), HB 2324 (seized-crypto reserve, vetoed July 1, 2025), and SB 1649 (2026 Digital Assets Strategic Reserve Fund, passed the Senate 16-13 on Mar. 9, 2026 but failed House third reading 23-31 on June 9, 2026 per LegiScan).

Sources: Laws 2025 Ch. 150 (HB 2749), Arizona Legislature, KGUN9: signing of HB 2749 and veto of SB 1025, Decrypt: vetoes of SB 1373 and SB 1024, signing of HB 2387, The Block: HB 2324 veto (Jul 1, 2025), LegiScan: SB 1649 (2026) history

Licensing Unclear

No source opened in this session states how Arizona's money transmitter law treats virtual currency, so no conclusion is stated. Related items found: the AG-run Arizona Regulatory Sandbox Program for fintech; and HB 2232 (2026), which as introduced would require DIFI licensing of crypto kiosk operators by Jan. 1, 2027 (final status not found).

Sources: HB 2232 (2026) as introduced, HB 2906 (2025) veto summary referencing the existing AG sandbox program

Crypto kiosks (ATMs) Confirmed

HB 2387 (Laws 2025 Ch. 171, sponsor Rep. Marshall), signed in May 2025 and reported in effect Sept. 26, 2025: clear disclosures and receipts; blockchain analytics to block flagged wallets; limits of $2,000 per day for new customers and $10,500 per day for existing customers; 24/7 live support; full refunds (including fees) for new customers defrauded if reported within 30 days with a report; Attorney General enforcement. Registration is not required by this law; HB 2232 (2026) would add a licensing requirement but its outcome is unknown.

Sources: HB 2387 signed summary (Arizona House), Orrick: Arizona crypto ATM law in effect (Oct 1, 2025), HB 2232 (2026) licensing bill as introduced

Other 2025 to 2026 actions

• 2025-05-07: HB 2749 also added digital assets to Arizona's unclaimed property law: abandonment presumed three years after returned communication, assets delivered to the Dept. of Revenue or a qualified custodian in native form, and listed assets sold at exchange price.
• 2025-04-18: Gov. Hobbs vetoed HB 2906, which would have renamed the AG's regulatory sandbox the Financial Technology, Digital Assets and Blockchain Sandbox Program; she cited operational, legal and accounting concerns raised by county treasurers.
• 2025 (date not confirmed): NCSL's 2025 tracker lists SB 1095 (central bank digital currency ban) as vetoed and SB 1062 (cryptocurrency as legal tender) and SB 1026 (property tax exemption for virtual currency) as pending; follow-up outcomes were not verified.

Sources: Laws 2025 Ch. 150, HB 2906 veto summary, NCSL 2025 tracker

Source notes: 2021 study committee repealed Sept. 30, 2023. HB 2400 (2020) and HB 2654 (2025) enactment unverified. Several veto dates come from news reports, not the governor's letters. HB 2232 (2026) outcome unknown. NCSL tracker snapshot dates unknown.