BlockBeats news, on May 3, Arizona Governor Katie Hobbs vetoed the 'Digital Asset Strategic Reserve' bill passed by the state's House and Senate, calling cryptocurrency an 'unproven investment.' The bill SB 1025 allows the state treasury and pension system to invest up to 10% of available funds in virtual currency, with a focus on Bitcoin.
Arizona Governor Vetoes Digital Asset Strategic Reserve Bill, Calling Cryptocurrency an 'Unproven Investment'
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