Governor of Arizona 🇺🇸, Ms. Katie Hobbs, vetoed the Strategic Bitcoin Reserve bill after it was passed by both the House and the Senate, citing that Bitcoin is an "unverified investment."

However, this reason may just be an excuse, as Ms. Hobbs had previously committed to vetoing any legislation until the budget issue for supporting the disabled is addressed.

There is another related bill, allowing the state treasurer to allocate up to 10% of Arizona's reserve funds into digital assets like Bitcoin, which is also under consideration in the committee but has not yet been officially approved.