Deep Tide TechFlow News, on May 3, according to documents from the Arizona state government, Arizona Governor Katie Hobbs vetoed Senate Bill 1025 (SB 1025), which would have allowed public funds to be invested in virtual currencies. In her veto statement, Hobbs stated that Arizona's retirement system is one of the strongest in the nation, thanks to its robust and prudent investment strategy. She emphasized that the retirement funds of state residents are not suitable for attempting unverified investments such as virtual currencies.
