According to Foresight News, Arizona Governor Katie Hobbs has vetoed two significant cryptocurrency bills, SB 1373 and SB 1024. SB 1373 aimed to establish a digital asset strategic reserve fund, while SB 1024 sought to allow institutions to accept cryptocurrency payments.
However, Governor Hobbs signed HB 2387 into law, which imposes stringent regulations on cryptocurrency ATMs. The new law mandates operators to display multilingual fraud warnings and set daily transaction limits of $2,000 for new users and $10,500 for existing users. Additionally, operators are required to provide 24/7 customer support and comply with anti-money laundering protocols.