Arizona Governor Vetoes Bitcoin Investment Bill
- Governor Katie Hobbs vetoed Senate Bill 1025, which proposed investing state funds in Bitcoin.
- The bill would have allowed up to 10% of the state treasury and pension assets to be invested in digital assets.
- Hobbs has vetoed a total of 75 bills in 2025, surpassing her previous year’s total of 73.
- A related bill, SB1373, proposing a Digital Assets Strategic Reserve Fund, awaits the governor’s decision.
Governor Katie Hobbs rejected Senate Bill 1025, preventing Arizona from investing in Bitcoin and other digital assets. The bill would have allowed up to 10% of state funds for such investments. A similar proposal, SB1373, is pending her approval.
Source (2.6)https://cryptobriefing.com/bitcoin-state-reserves-veto-arizona/?rand=59535
