Arizona Governor Vetoes Bitcoin Reserve Bill

Arizona Governor Vetoes Bitcoin Reserve Bill

A gubernatorial veto has put a stop to Arizona's plan to include Bitcoin in its official reserves. Citing the dangers of investing public monies in erratic and "untested" digital assets, Governor Katie Hobbs vetoed Senate Bill 1025. The Digital Assets Strategic Reserve Act was a proposed law that would enable Arizona to create a state-managed cryptocurrency reserve and invest confiscated cash in Bitcoin. The law was officially vetoed on Frida...

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