Arizona Governor Vetoes Bitcoin Reserve Bills, Citing Volatility
Governor Katie Hobbs has just vetoed two major crypto bills that could’ve made Arizona a trailblazer in Bitcoin adoption. One bill would’ve allowed the state to hold $BTC as a reserve asset, and the other aimed to let citizens pay taxes using crypto.
What’s wild? She did recently sign a bill regulating Bitcoin ATMs—so it’s not like she’s totally anti-crypto. But when it came to these two, she cited "market volatility" as the dealbreaker.
Needless to say, the crypto community isn’t thrilled. Many see this as a missed opportunity for Arizona to position itself as a forward-thinking hub in the digital asset space.
Stay tuned—this fight isn’t over yet.
