Arizona Governor Katie Hobbs has vetoed the Strate gic Bitcoin Reserve bill, which had been approved by both the House and Senate, citing concerns that Bitcoin is an "untested investment." However, this rationale may serve as a pretext, as Hobbs previously pledged to veto any legislation until the state budget issues related to disabilit y support are resolved. Additionally, there is another bill under consider ation that would allow the state treasurer to allo cate up to 10% of Arizona's reserve funds to digit al assets like Bitcoin. This bill is currently bei ng reviewed by a committee but has not yet receive d official approval.