SB 1043 — state agencies; payments; cryptocurrency

BillCORRECTED Number:Senate Engrossed state agencies;

S.B.payments;

1043cryptocurrency Rogers(now: Floor Amendment Reference to:

printedstate billagencies; Amendment drafted by:

Leg.virtual currency payments) State of Arizona Senate Fifty-seventh Legislature Second Regular Session SENATE BILL 1043 AN ACT AMENDING TITLE 35, CHAPTER 1, ARTICLE 3, ARIZONA REVISED STATUTES, BY ADDING SECTION 35-156;

CouncilAMENDING FLOORSECTIONS AMENDMENT42-5018 EXPLANATIONAND 1.43-505, ARIZONA REVISED STATUTES;

AllowsRELATING aTO stateTHE agencyCONTROL toOF enterRECEIPTS intoAND anEXPENDITURES. agreement with a virtual currency service provider, rather than a cryptocurrency service provider.

2.(TEXT OF BILL BEGINS ON NEXT PAGE) - i - S.B.

Replaces1043 theBe definitionit ofenacted cryptocurrencyby withthe aLegislature definition of virtualthe currency.State of Arizona:

3.

Defines stablecoin.

4.

Makes conforming changes.

Amendment explanation prepared by Molly Graver 2/24/2026 Fifty-seventh Legislature Rogers Second Regular Session S.B.

1043 ROGERS FLOOR AMENDMENT SENATE AMENDMENTS TO S.B.

1043 (Reference to printed bill) Amendment instruction key:

[GREEN UNDERLINING IN BRACKETS] indicates text added to statute or previously enacted session law.

[Green underlining in brackets] indicates text added to new session law or text restoring existing law.

[GREEN STRIKEOUT IN BRACKETS] indicates new text removed from statute or previously enacted session law.

[Green strikeout in brackets] indicates text removed from existing statute, previously enacted session law or new session law.

<<Green carets>> indicate a section added to the bill.

<<Green strikeout in carets>> indicates a section removed from the bill.

The bill as proposed to be amended is reprinted as follows:

A STATE AGENCY MAY ENTER INTO AN AGREEMENT WITH A [CRYPTOCURRENCY]VIRTUAL [VIRTUALCURRENCY CURRENCY] SERVICE PROVIDER TO PROVIDE A METHOD TO ACCEPT [CRYPTOCURRENCY]VIRTUAL [VIRTUALCURRENCY CURRENCY] AS A PAYMENT METHOD OF FINES, CIVIL PENALTIES OR OTHER PENALTIES, RENT, RATES, TAXES, FEES, CHARGES, REVENUE, FINANCIAL OBLIGATIONS AND SPECIAL ASSESSMENTS TO PAY ANY AMOUNT DUE TO THAT AGENCY OR THIS STATE.

GOVERN THE TERMS AND CONDITIONS ON WHICH [CRYPTOCURRENCY]VIRTUAL [VIRTUALCURRENCY CURRENCY] AS A MEANS OF PAYMENT CAN BE ACCEPTED OR DECLINED.

PROVIDE THE MANNER IN AND CONDITIONS ON WHICH A [CRYPTOCURRENCY]VIRTUAL [VIRTUALCURRENCY CURRENCY] SERVICE PROVIDER SHALL PAY THIS STATE BY MEANS OF [CRYPTOCURRENCY]VIRTUAL [VIRTUALCURRENCY CURRENCY] OR UNITED STATES DOLLARS PURSUANT TO THE AGREEMENT.

A STATE AGENCY THAT HAS ENTERED INTO AN AGREEMENT WITH A [CRYPTOCURRENCY]VIRTUAL [VIRTUALCURRENCY CURRENCY] SERVICE PROVIDER AS PROVIDED BY THIS SECTION MAY ACCEPT [CRYPTOCURRENCY]VIRTUAL [VIRTUALCURRENCY CURRENCY] AS A METHOD OF PAYMENT FOR FINES, CIVIL PENALTIES OR OTHER PENALTIES, RENT, RATES, TAXES, FEES, CHARGES, REVENUE, FINANCIAL OBLIGATIONS AND SPECIAL ASSESSMENTS TO PAY ANY AMOUNT DUE TO THAT AGENCY OR THIS STATE.

A STATE AGENCY MAY PAY ANY SERVICE FEES SPECIFIED IN THE AGREEMENT FOR THE [CRYPTOCURRENCY]VIRTUAL [VIRTUALCURRENCY CURRENCY] TRANSACTION OR MAY REQUIRE A PERSON THAT PAYS WITH [CRYPTOCURRENCY]VIRTUAL [VIRTUALCURRENCY CURRENCY] TO PAY THE SERVICE FEES ASSOCIATED WITH THE [CRYPTOCURRENCY]VIRTUAL [VIRTUALCURRENCY CURRENCY] TRANSACTION.

SenateE. Amendments to S.B.

1043A E.PERSON THAT PAYS WITH VIRTUAL CURRENCY IS LIABLE FOR THE PAYMENT AND ALL INTEREST AND PENALTIES UNTIL THE STATE AGENCY HAS RECEIVED FINAL AND UNCONDITIONAL PAYMENT OF THE FULL AMOUNT DUE FROM THE VIRTUAL CURRENCY SERVICE PROVIDER FOR THE VIRTUAL CURRENCY TRANSACTION.

A PERSON THAT PAYS WITH [CRYPTOCURRENCY] [VIRTUAL CURRENCY] IS LIABLE FOR THE PAYMENT AND ALL INTEREST AND PENALTIES UNTIL THE STATE AGENCY HAS RECEIVED FINAL AND UNCONDITIONAL PAYMENT OF THE FULL AMOUNT DUE FROM THE [CRYPTOCURRENCY] [VIRTUAL CURRENCY] SERVICE PROVIDER FOR THE [CRYPTOCURRENCY] [VIRTUAL CURRENCY] TRANSACTION.

[1.1.

"CRYPTOCURRENCY" MEANS ANY FORM OF DIGITAL CURRENCY IN WHICH ENCRYPTION TECHNIQUES ARE USED TO REGULATE THE GENERATION OF UNITS OF CURRENCY AND VERIFY THE TRANSFER OF MONIES, OPERATING INDEPENDENTLY OF A CENTRAL BANK, INCLUDING BITCOIN, ETHEREUM, LITECOIN AND BITCOIN CASH.] [1.

VIRTUAL CURRENCY DOES NOT INCLUDE LEGAL TENDER ISSUED BY THE UNITED STATES OR A FOREIGN GOVERNMENT.]GOVERNMENT. 2.

"[CRYPTOCURRENCY]2. [VIRTUAL CURRENCY] SERVICE PROVIDER" MEANS A PERSON OR ENTITY WITH DEMONSTRATED EXPERIENCE CONVERTING ANY FORM OF [CRYPTOCURRENCY] [VIRTUAL CURRENCY], INCLUDING BITCOIN, ETHEREUM, [XRP,] LITECOIN AND BITCOIN CASH, TO LEGAL TENDER.

[3."VIRTUAL CURRENCY SERVICE PROVIDER" MEANS A PERSON OR ENTITY WITH DEMONSTRATED EXPERIENCE CONVERTING ANY FORM OF VIRTUAL CURRENCY, INCLUDING BITCOIN, ETHEREUM, XRP, LITECOIN AND BITCOIN CASH, TO LEGAL TENDER.

3.

119-27) AND THAT IS ISSUED IN COMPLIANCE WITH ALL APPLICABLE FEDERAL LAWS GOVERNING SUCH ISSUANCE.]ISSUANCE. Sec.

- 1 - S.B.

1043 Sec.