BlockBeats news, on May 13, according to Decrypt, Arizona Governor Katie Hobbs vetoed two cryptocurrency-related bills while signing a regulatory bill for cryptocurrency ATMs.
The two bills that were vetoed include SB 1373 (Digital Asset Strategic Reserve Fund Act) and SB 1024 (Allowing State Governments to Accept Cryptocurrency Payments Act).
The signed HB 2387 bill establishes strict regulatory measures for cryptocurrency ATMs, including requirements for operators to display multilingual fraud warnings, set daily transaction limits (new users $2,000, existing users $10,500), provide 24/7 customer support, and comply with anti-money laundering protocols.