Arizona Governor Vetoes Bitcoin Bill for Public Investment
- Arizona Governor Katie Hobbs vetoed Senate Bill 1025 on May 2.
- The bill proposed allowing state retirement funds to invest in bitcoin.
- This legislative proposal was seen as a pioneering move for crypto-driven public finance.
- The bill was blocked due to concerns over cryptocurrency being “untested.”
On May 2, Arizona Governor Katie Hobbs vetoed Senate Bill 1025, which aimed to allow state retirement funds to invest in bitcoin, citing concerns about the untested nature of cryptocurrency.
Source (2.6)https://news.bitcoin.com/arizona-crushes-game-changing-bitcoin-bill-labels-crypto-untested/?rand=52384
