According to BlockBeats, Arizona Governor Katie Hobbs has vetoed a bill passed by the state's House and Senate that proposed the creation of a 'Digital Asset Strategic Reserve.' The legislation, known as SB 1025, would have permitted the state's treasury and pension systems to invest up to 10% of available funds in virtual currencies, with a particular focus on Bitcoin. Governor Hobbs described cryptocurrencies as 'unverified investments,' leading to her decision to reject the bill.

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