Governor Katie Hobbs of Arizona vetoed a bill (SB 1025) intended to establish a state-level Bitcoin reserve. 🇺🇸

The bill had previously been passed by the state House of Representatives with a vote of 31 to 25. Arizona is one of the states in the United States that has made the most significant progress in Bitcoin reserve legislation.

In a statement, @GovernorHobbs expressed the state’s position that the state government should not include “untested investments” such as virtual currencies in public asset management.

#Bitcoin #BTC $BTC #Bitcoinreserve