Arizona Governor Katie Hobbs vetoed two important cryptocurrency bills on May 13, citing the volatility of the crypto market as a key reason. This decision halts the state's potential to establish a digital asset reserve and accept crypto payments.
Local officials expressed disappointment, reflecting concerns over missed opportunities for innovation, while Hobbs emphasized the need to protect public funds and retirement savings from untested investments.
The veto aligns with a broader risk-averse approach, as Arizona aims to manage state finances cautiously amid the unpredictable nature of cryptocurrencies.
Full story here: https://coincu.com/337334-arizona-governor-vetoes-crypto-bills
