AZ SB1229

Amends Arizona securities law (Section 44-1844) to add a new exemption for Regulation A offerings under federal law, allowing issuers to offer up to $50,000,000 in securities with no more than $15,000,000 from affiliated selling securityholders.

Clarifies that purchasers participating in intrastate offerings (paragraph 22) are not considered underwriters unless they purchase more than 50% of the securities offered.

Permits issuers and parties in intrastate offerings to resolve disputes through private arbitration enforceable under Arizona law.

Authorizes the director to adopt and update rules based on federal Regulation A (17 CFR 230.504) to maintain consistency with evolving federal securities regulations.

Provides clarity on virtual coin exchange facilitation, exempting certain exchanges from securities law if the facilitator reasonably believes the virtual coin is not a security offering and takes prompt action upon learning otherwise.