PANews reported on April 18 that according to Cointelegraph, a cryptocurrency reserve bill in Arizona has been passed by the House of Representatives and is now only one successful vote away from being submitted to the governor's desk for formal approval. On April 17, Arizona's Strategic Digital Asset Reserve Act (SB 1373) was approved by the full House Committee. Before the third and final reading and full vote, the bill needs to be reviewed by 60 members of the House of Representatives. SB 1373 aims to establish a digital asset strategic reserve fund, which will be composed of digital assets confiscated through criminal prosecutions and will be managed by the state's treasurer.