The Arizona State Senate advances SB 1649, proposing the establishment of a "Digital Asset Strategic Reserve Fund" managed by the State Treasurer's Office, allowing the state treasurer to invest and lend seized digital assets. The bill has passed multiple committees, explicitly listing Bitcoin and other digital assets as qualified assets and setting a benchmark threshold. The bill emphasizes that it will not increase the state's fiscal risk.

The Arizona State Senate Financial Committee passed SB 1044 and SCR 1003 with a vote of 4 to 3, which would exempt virtual currency property from taxes. If the proposal succeeds, voters will decide in November whether to amend the constitution. The bill defines virtual currency as non-USD digital assets. Although the governor previously vetoed related legislation, the review will continue.

Florida State Senator Joe Gruters has introduced SB 1038 and SB 1040. The former proposes the establishment of a strategic cryptocurrency reserve, while the latter establishes a cryptocurrency reserve trust fund. The bills will take effect on July 1, 2026, contingent upon the passage of the relevant legislation.

PANews reported on November 26, according to The Block, that a post from the Texas Blockchain Council indicated that the state has made its first funding allocation to the Texas Strategic Bitcoin Reserve, purchasing approximately $5 million worth of BlackRock's Bitcoin Spot ETF (IBIT) last week. This transaction is suspected to be the first use of authorized funds under the SB 21 bill signed by Greg Abbott in June. The bill established a state-level Bitcoin reserve operated by the Texas Treasury Safekeeping Trust Company. Lee Bratcher, chairman of the Texas Blockchain Council, revealed on Twitter that the purchase took place on November 20, marking both the first funding allocation to the reserve and the first instance of a state government in the U.S. purchasing Bitcoin. However, state officials have not yet released relevant documents or statements to confirm the transaction. According to the latest 13F filing submitted by the Texas Treasury Trust Company,