#MarketPullback According to BlockBeats, Arizona Governor Katie Hobbs has vetoed a law approved by the House of Representatives and the state Senate that proposed the establishment of a 'Strategic Digital Asset Reserve.' The law known as SB 1025 would allow the state treasury and pension systems to invest up to 10% of available funds in virtual currency, with a specific focus on Bitcoin. Governor Hobbs described cryptocurrency as an 'unverified investment,' leading to her decision to reject the legislation.

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