Arizona lawmakers are considering a bill to establish a Digital Assets Strategic Reserve Fund, allowing the state to hold digital assets like XRP instead of selling them. The proposal, under the control of the state treasurer, aims to generate additional returns through staking, airdrops, or limited lending, provided it does not increase financial risk. The fund would include assets held, confiscated, or surrendered to Arizona, with a broad definition covering Bitcoin, XRP, stablecoins, and other digital assets meeting specific criteria. The bill, SB1649, has passed the House Rules Committee with an 8-0 vote and is moving towards a full House vote. It outlines a fair-value test based on adoption, transaction volume, and development activity to determine eligible assets. The measure also allows digital assets reported as abandoned property to be added to the reserve. XRP's specific mention in the bill highlights its potential role in the state's digital asset strategy.