According to Odaily, the Arizona House of Representatives recently conducted a third reading of Senate Bill 1025 (SB1025), resulting in 31 votes in favor and 25 against. Another similar bill, SB1373, passed with 37 votes in favor and 19 against. These approvals brought the bills closer to becoming law than similar initiatives in any other U.S. state. However, according to the latest updates from the state legislature's website, Governor Katie Hobbs officially vetoed the Digital Asset Reserve Bill on May 2, preventing it from becoming law.