A bill to establish a Bitcoin Reserve in the State of Arizona was resurrected in the legislature by the State Senate before the chamber adjourned Sine Die on Friday. House Bill 2324, introduced by Arizona Representative Jeff Weninger, was passed in the Arizona House on its third reading, but was reconsidered in the Senate and advanced 16-14. The bill now returns to the House for consideration before it also adjourns.
The proposed measure would create a “Bitcoin and Digital Assets Reserve Fund” designed to manage all legally forfeited digital assets and currencies.
🇺🇸 ARIZONA Update:
'Bitcoin Reserve' bill HB2324, which initially failed, has been revived after a 'motion to reconsider'.
The bill would create a fund out of digital assets seized via criminal asset forfeiture.
According to the Senate Fact Sheet, HB 2324 would allow “a court to order a person convicted of an offense for which forfeiture applies to forfeit any digital asset used in, acquired through or traceable to the offense.” I also, “prescribes procedures for a government agency to sell seized digital assets and outlines the allocation of monies acquired from the sale.” And it, “establishes the Bitcoin and Digital Assets Reserve Fund, administered by the State Treasurer, to store, manage and allocate digital assets securely.”
The bill now concurred upon by the Senate must also pass the Arizona House before moving to Governor Katie Hobbs’ desk where its fate is uncertain. According to Coin Telegraph, the first $300,000 in digital assets from a criminal forfeiture would head to the Attorney General’s office, from whence any mount over $300,000 would be divided with 50% going to the Attorney General, 25% to the state general fund, and 25% to the new digital assets reserve fund. While Hobbs has vetoed three Cryptocurrency bills, she has also signed HB 2749 into law which permits the state to hold unclaimed cryptocurrency and establish a Bitcoin reserve fund that wouldn’t utilize any state funding or taxpayer dollars.
At the time, Hobbs stated, “Current volatility in cryptocurrency markets does not make a prudent fit for general fund dollars,” and described the cryptocurrency-related legislation as “risk(s),” and “untested.”
Arizona Republican Congressman Andy Biggs continues to enjoy a comfortable advantage in the upcoming primary contest for the 2026 Gubernatorial Election with what pollster NextGenP described as a “massive lead.” The poll, conducted over June 17-18 of 1,380 likely Republican Primary voters, placed Biggs at a commanding 48.6% over fellow Republican Karrin Taylor-Robson who polled at 26%, barely edging out “Other” and “Undecided” with a combined 25.5%.
The poll has a margin of error of ± 2.6% at the 95% confidence level.
Andy Biggs DOMINATES Republican Gubernatorial Primary with 22.6% lead
BALLOT TEST Biggs 48.6% Robson 26.0% Other 7.7% Undecided 17.8%
Andy Biggs retains a 48% net approval rating with Karrin Taylor Robson holding a 21% net approval rating
In net favorability polling, the survey was even more decisive with Biggs maintaining a 48% approval rating while Robson held onto just 21%, a difference 27 points. Total approval for Biggs sat at 66%, while total approval for Robson polled at 49%.
“With more than a year until Election Day, Andy Biggs continues to lead with a formidable 22.6-point lead with nearly half the electorate already in his corner. His +48% net favorability and 95% total name ID underscores his strong position, especially compared to Robson’s +21% net favorability,” NextgenP Managing Partner Gregg Pekau said. “But with nearly 18% of voters still undecided and 7.7% favoring other candidates, the field remains fluid-and there’s plenty of time for dynamics to shift.”
Partner at NextgenP Luke Mosiman emphasized the importance of the poll’s sample size saying, “With a sample size of 1,380 likely Republican primary voters, this poll carries real statistical weight. In a landscape often shaped by smaller, less reliable snapshots, these numbers give a much more grounded view of the race—showing Andy Biggs with a 22.6-point lead and nearly half the electorate behind him. That kind of margin, backed by solid data, can’t be easily dismissed.”
Another recent poll from American Commitment at the end of May also showed Biggs with a commanding lead with 57% support versus just 25% support for Robson.
Around the country, the “war on cars” has become apparent. From New York’s congestion pricing scheme to the onslaught of road diets and protected bike lanes to “reallocate” the public space away from cars, there is hardly anywhere you can travel without experiencing the increased hassle and cost of driving your personal vehicle.
Despite the Trump administration’s efforts to reverse the woke transportation trends at the U.S. Department of Transportation under former Secretary Pete Buttigieg, many state and city governments remain committed to punishing drivers.
One specific tool being used to implement the anti-car, woke transportation agenda is vehicle mileage limits and taxes. For example, in Washington State, they passed a law that sets a target of reducing vehicle miles traveled per capita by 50% by 2050. Their department of transportation is empowered to create policies and strategies that would effectively force people to give up their cars. And of course, for our neighbors to the West, California lawmakers have proposed a mileage tax or “road charge” determined by how many miles a person drives in an effort to reduce carbon emissions and endlessly subsidize their failed transit system. Implementing this would require invasive measures such as reporting odometer readings or installing “special plug-in devices.” This kind of Orwellian intrusion on our freedom to travel privately has no place in any American city, even in California…
The Resolution Copper project, a joint venture of BHP and Rio Tinto, issued a statement Tuesday welcoming the republication of the Final Environmental Impact Statement (FEIS) by the U.S. Forest Service (USFS) for its proposed underground mine 60 miles east of Phoenix near Superior, AZ.
The proposed development of the largest untapped copper deposit in the world relies on a major land-swap between the Rio Tinto, BHP, federal and state governments to proceed.
Initially the FEIS for the project was released by the Forest Service in 2021, but was later withdrawn by the agency to provide additional time for the USFS to study the objections of tribal governments and the overall community.
The proposed mine is controversial and would ultimately transform the Oak Flat parcel southwest of Superior, currently forest service land, into a 1.8-mile-wide crater between 800 and 1,115 feet deep, in exchange for 6,005 acres of land to be transferred by BHP and Rio Tinto local, state and federal governments and agencies.
“As part of the land exchange, Resolution Copper has committed to initiatives that support cultural preservation, recreation, education, employment, economic development, and nature through long-term partnerships with Native American Tribes and local communities. This includes significant funding in a long-term Native American Trust Fund and Emory Oak restoration,” Resolution Copper stated. “Other commitments focus on conservation and monitoring of seeps and springs; restoration and preservation of creeks, rivers, and watersheds; and habitat enhancement for biodiversity.”
Vicky Peacey, General Manager of Resolution Copper said, “Through this process, we have deepened our relationships with local communities and Native American Tribes, including our senior leaders spending time with Tribal leaders to listen and build mutual understanding. We welcome the opportunity to continue these conversations as we move into the next phase of permitting. Working together, mining can co-exist with cultural heritage, recreation, and nature, while delivering new economic opportunities in rural Arizona.”
“This project has undergone one of the most comprehensive environmental and social reviews in U.S. history,” she added. “The republication of the FEIS reflects the thorough work by the USFS, local communities, and Native American Tribes and the seriousness with which all stakeholders have approached this process. We remain committed to earning trust through transparency, engagement, and responsible development as we move forward.” In PR posts to social media, Resolution Copper boasts the prospects of adding $1.2 Billion to Arizona’s economy and thousands of jobs in Superior and Magma, AZ, totaling $270 million in annual salaries.
USDA announces one major step toward unleashing American mineral independence with this draft record of decision for the Resolution Copper mining project. @POTUS is putting America First
In a statement posted to X, U.S. Secretary of Agriculture Brooke Rollins expressed the Trump administration’s support for the proposal early in the week, noting that the republication of the withdrawn FEIS is “an important step in advancing President Trump’s goal of emergency and mineral independence by boosting domestic mineral production.” Rollins added, “The Resolution Copper project is a prime example of how we can harness America’s abundant resources to fuel growth in rural America, reduce our dependence on foreign imports, strengthen our supply chains, and enhance our national security.”
The U.S. Department of Agriculture detailed in a Tuesday release that the land transfer cannot occur until August 19, 2025, or 60 days after the Federal Register notice is published per a ruling from a U.S. District Court on June 9th. It added that, if approved, the mine is projected to generate $149 million in annual payroll, with approximately 1,500 jobs, providing between $80 and $120 million a year in estimated state and local tax revenue as well as $200 million a year to the federal government. The final environmental impact statement is expected to be posted to the Federal Register, along with the draft decision record from the USFS on June 20th.
The public has 45 days to make any objections to the decision and the USFS must respond and address any objections within 90 days, meaning the project could see final approval as soon as November 2nd.
The week just passed was a rough one for California Governor Gavin Newsom. Early in the week, Newsom’s complete lack of leadership in his home state combined with a similar dereliction of duty by Los Angeles Mayor Karen Bass to justify President Donald Trump’s move to activate both the National Guard and 700 U.S. Marines to move into downtown Los Angeles to control escalating riots there.
As if that weren’t humiliating enough, President Trump held a White House ceremony Thursday during which he signed a series of three resolutions passed under the Congressional Review Act (CRA) designed to kill California’s electric vehicle (EV) mandate which has been a centerpiece of Newsom’s regulatory policies.
“Under the previous administration, the federal government gave left-wing radicals in California dictatorial powers to control the future of the entire car industry all over the country,” Trump said in remarks preceding the signing. “It’s been a disaster for this country.”
In response, Newsom said in a statement, “The weaponization of the Congressional Review Act to attack California’s waivers is just another part of the continuous, partisan campaign against California’s efforts to protect the public and the planet from harmful pollution.” It’s pretty weak sauce, but it’s all he has at this point.
Well, except for another round of lawfare, that is. Within minutes of Trump’s affixing his signature (no autopen involved) to the resolutions, California Attorney General Rob Bonta had filed a lawsuit challenging the resolutions in the U.S. District Court for the Northern District of California. Bonta was joined by Democrat attorneys general from 10 other states.
KCRA Channel 3 TV in Sacramento pointed out that this suit is the 26th time Bonta has sued the Trump administration since January. Bonta admitted during his press conference that his office has already spent $5 million in pursuing its Trump-focused lawfare agenda, but no worries: The state assembly recently authorized a $25 million boost to Bonta’s budget to continue his Quixotic strategy.
repeal a waiver under the clean air act issued by the Biden EPA in 2023 which allows California to mandate all new cars sold by 2035 be what the California Air Resources Board (CARB) classifies as “zero emissions vehicles,” or ZEVs;
block rules requiring zero-emission sales targets for commercial trucks; and
eliminate higher standards for heavy-duty diesel engines to reduce smog-forming nitrogen oxide pollution.
The central claim in Bonta’s lawsuit is that Congress’s use of the CRA to revoke California’s Clean Air Act waivers is unprecedented and illegal. Enacted in 1996, the CRA gives congress authority to revoke regulations that are finalized by an outgoing administration. Passed on a bipartisan vote of congress, it is designed to limit the exact sort of effort witnessed in the final months of the Biden administration to shove through as many new regulations as possible before leaving office.
CRA actions are exempt from the Senate filibuster and not subject to judicial review. However, because the CRA has rarely been invoked since it became law, it has never previously been used to rescind a waiver issued by EPA or any other federal regulator. Bonta is banking on the federal courts being willing to intervene based on an argument that the issuance of a waiver does not constitute a regulatory action. While what we’ve seen over the last five months indicates a likelihood that Bonta and his fellow plaintiffs will be able to shop for a district court judge who will be willing to issue a temporary injunction, their prospects of prevailing at the appellate level or the U.S. Supreme Court seem dim.
Sen. Shelley Moore Capito (R-W.Va.), who authored one of the resolutions, frames the issue as a defense of consumer choice, telling Politico, “These mandates force Americans into vehicles they don’t want or can’t afford, all while ignoring the realities of our grid and supply chains.” The reality is that few Americans really want to buy EVs, which is the motivator for Newsom’s attempt to force them.
It’s all bad news for Gov. Newsom, who has been relegated to a complaining bystander in his own state as others act to address problems of his own creation. That’s no way to run a state, Governor.
David Blackmon is a contributor to The Daily Caller News Foundation, an energy writer, and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.
