XRP Reserve Bill Update

Crypto investor and trader Xaif Crypto has issued an update regarding a key legislative development in Arizona, stating that a hearing for what he described as an “$XRP Reserve Bill” is scheduled for February 23.

The hearing will take place at 8:45 AM (MST) in Caucus Room 1 before the Rules Committee, according to the official notice shown in the images attached.

The documents referenced in the tweet identify the legislation as Senate Bill 1649, introduced during the Fifty-seventh Legislature, Second Regular Session of 2026.

The title of the bill is “digital assets strategic reserve fund.” The measure was introduced by Senator Finchem. It proposes an amendment to Title 41, Chapter 1, Article 4 of the Arizona Revised Statutes by adding Section 41-181, relating to the State Treasurer.

Strategic Reserve Structure and Treasury Oversight

The wording “digital assets strategic reserve fund” suggests that Arizona is considering a formal mechanism to hold digital assets as part of its state-managed reserves. The inclusion of the State Treasurer in the amendment indicates that the Treasurer would likely be responsible for oversight, custody, or management of any assets acquired under this provision.

Although the visible portion of the bill does not specify XRP, Xaif Crypto’s commentary positions the asset as a strong candidate for use in such a reserve. His emphasis on transaction speed, liquidity, and scalability reflects ongoing discussions within the digital asset sector about which networks can handle institutional-scale transfers and settlements.

Arizona has previously explored crypto-related legislation, including measures to integrate digital assets into state operations. If SB 1649 advances beyond committee review, it could represent a significant policy decision to institutionalize digital assets at the state treasury level.

Economic Considerations and Potential Impact

The establishment of a digital assets reserve fund carries both potential benefits and risks. Supporters may argue that allocating a portion of state reserves to digital assets could offer long-term growth potential and position Arizona as a competitive jurisdiction for financial technology development. Such a move may also signal confidence in blockchain-based financial systems at the government level.

Opponents are expected to raise concerns about price volatility and the risks associated with holding cryptocurrencies in public funds. Questions about risk management, asset allocation limits, and custodial safeguards would likely become central topics if the bill progresses.

Xaif Crypto’s update places the February 23 hearing at the center of the discussion, presenting it as a meaningful step in the legislative process. The outcome of the Rules Committee review will determine whether SB 1649 continues through Arizona’s legislative pathway and whether the concept of a state-managed digital assets strategic reserve moves closer to implementation.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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