Arizona’s proposed Senate Bill SB1649 has advanced after clearing the Senate Finance Committee, moving the state closer to establishing a digital asset reserve fund that includes #XRP .
Earlier this week, Arizona’s Senate Finance Committee cleared the bill, pushing forward legislation that would create a Digital Assets Strategic Reserve Fund.
Notably, the bill explicitly names XRP among the qualifying digital assets eligible for inclusion in the reserve. Although SB1649 has not yet been enacted, its progress signals rising institutional recognition of XRP at the U.S. state government level.