Arizona Governor Vetoes Digital Asset Strategic Reserve Bill

2025-05-03 16:41:02

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ChainCatcher news, Arizona Governor Katie Hobbs vetoed the "Digital Asset Strategic Reserve" bill passed by the state House and Senate, calling cryptocurrency an "unverified investment." The bill SB 1025 allows the state treasury and pension systems to invest up to 10% of available funds in virtual currency, focusing on Bitcoin.

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