$BTC $ETH $BNB Analysis: The Arizona legislature is unlikely to overturn the Governor's veto on the Bitcoin reserve bill.


BlockBeats 03/05 – According to Bitcoin Laws, the Arizona legislature needs a 2/3 majority vote to override Governor Katie Hobbs' veto on Bill SB 1025 (allowing a maximum investment of 10% of the budget in Bitcoin). However, previous voting results show that this possibility is very low.

1. Current voting situation

  • Arizona House of Representatives:

    • 31 votes in favor vs 25 votes against (lacking 10 votes to reach a 2/3 majority).

  • Arizona Senate:

    • 17 votes in favor vs 11 votes against (lacking 5 votes to reach a 2/3).

→ Insufficient support to overturn the Governor's veto.

2. Reasons for difficulty in success

🔹 The vote discrepancy is too large: Both chambers lack at least 5–10 supporting votes.
🔹 The Governor's stance: Katie Hobbs firmly considers Bitcoin as "a risky, unproven asset."
🔹 Political pressure: Pro-crypto lawmakers find it hard to persuade the Democratic party (majority) to change their stance.

3. Impact on the market & other states

  • Arizona will not become a "pioneer state" for Bitcoin reserves, but New Hampshire and Texas are still considering similar legislation.

  • The crypto community is disappointed but focuses on states with more open policies.

4. Future prospects

✅ New efforts: Pro-crypto lawmakers may amend the bill to reduce risks (e.g., limiting the investment rate to less than 10%).
❌ Legal obstacles: If the voting numbers cannot be changed, Arizona will not be able to pass SB 1025 this year.

📌 Conclusion:

  • The chance of overturning the veto is almost zero due to the lack of 2/3 majority support.

  • Pressure to shift to other states like Texas, where support for Bitcoin is stronger.