Arizona Rules Committee approves state reserve bill for XRP
XRP is named alongside bitcoin for a state strategic reserve backed by Arizona’s $570B economy.
\If you have been following this newsletter, you knew earlier this week that Arizona is considering XRP for its state crypto reserve investment. Specifically named in the bill alongside bitcoin, XRP has now gained Arizona Senate Rules Committee approval as Senate Bill 1649 advances.
Market Context
The Senate Rules Committee Action was a voice vote, performed verbally with no record of individual votes, with a result of Passed. The bill is live on the website for Arizona’s legislature under the title “digital assets strategic reserve fund” with two positive votes this week from the Senate Republican Caucus and Senate Democrat Caucus.
A full Senate vote is the next phase of turning XRP into a state strategic reserve asset.
XRP’s victories in Arizona are landing in a market that is already repricing the asset with improving regulatory optics and growing institutional adoption. In 2025, the US appellate court system removed any doubt as to XRP’s non-security status in secondary trading, XRP is already gaining ETF launches, and Ripple has been invited to attend and advise multiple White House initiatives.
The legal clarity that XRP continues to enjoy is turning XRP into an institutional settlement token rather than a merely a speculative investment.
News
UK picks four for stablecoin trials (Fca.org.uk)
South Korea mandates influencer holding disclosures (HeraldCorp)
ETHZilla rebrands as Forum (PRNewswire)
GD Culture $GDC to sell BTC reserve for buybacks (GdCulture)
Kraken rolls out crypto loans (Businesswire)
World Liberty Financial proposes USD1 staking (WorldLibertyFinancial)
Binance selects Greece for EU headquarters (Reuters)
Sygnum unveils $100B crypto mandate (Sygnum)
Vitalik releases ETH roadmap (X)
Blockfills CEO exits (TokenPost)
AllUnity launches CHF stablecoin (AllUnity)
Gate wins Malta PSD2 license (Gate)
Discord delays Persona face scan ID age checks (Ign)
Kalshi fines MrBeast, CA gov insider traders (Kalshi)
Nothing in this newsletter is financial or investment advice. We summarize news for informational and entertainment purposes only. We do not provide advisory services, guidance, or information regarding trading or investing. Past performance is not indicative of future results.
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XRP is trading at $1.44 as of writing time, within a tight 24 hour range in the $1.40s. Trailing 24 hour volume is around $4.3 billion, an average daily turnover.
Whale outflows have dropped significantly from 33.5 million XRP in December to -3.29M now, despite a 25% price drop. Clearly, as I have reiterated, retail selling is exhausted and smart money is not dumping anymore.
In fact, as I posted to X, whales have been adding 150 million coins. Short‑term, price is oscillating around a cluster of levels that were set when Donald Trump reinstated tariffs under a different statute than IEEPA.
On a long-term basis, XRP is forming…