#CryptoRegulation Regarding digital assets, Arizona Governor Katie Hobbs vetoed three key bills aimed at integrating cryptocurrencies into the state's financial system, while approving new legislation imposing strict restrictions on Bitcoin ATMs. On May 12, Hobbs used her veto power against Senate Bill 1373, which sought to create a 'Strategic Reserve Fund for Digital Assets' that would allow the state to hold cryptocurrencies resulting from seizures or official allocations. She stated in her veto message: 'The sharp volatility in the cryptocurrency market makes it unwise to use state funds.'