#EUPrivacyCoinBan - Bitcoiners criticize the 'ignorance' of the governor of Arizona after vetoing the Bitcoin bill.

$BTC - Bitcoiners and officials of the United States government have criticized the decision of Arizona Governor Katie Hobbs to veto a bill that would have allowed the state to hold Bitcoin as part of its official reserves.

"As time goes by, you will realize it was not the best decision," said Casa co-founder and cypherpunk Jameson Lopp in a post on X on May 3. Bitcoin entrepreneur BTCUSD Anthony Pompliano said: "Imagine the ignorance of politicians to believe they can make investment decisions."

"If you can't outperform Bitcoin, you should buy it," said Pompliano. Crypto lawyer Andrew Gordon said: "We need more elected officials who understand that Bitcoin and cryptocurrencies are the future."

Wendy Rogers, who co-sponsored the bill with state representative Jeff Weninger, also expressed her disappointment.

"Politicians do not understand that Bitcoin does not need Arizona. Arizona needs Bitcoin," said Rogers.

On May 2, Hobbs vetoed the Arizona Strategic Reserve Bitcoin Act, which would have allowed Arizona to invest seized funds in Bitcoin and create a reserve managed by state officials. "Today I vetoed Senate Bill 1025. The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments," said Hobbs.

Rogers said she would reintroduce the bill during the next session. Rogers also pointed out that Arizona's state retirement system already holds shares of Michael Saylor's Strategy (MSTR).

"Which is basically a leveraged Bitcoin ETF. The Arizona Strategic Reserve Bitcoin Act will be back. HODL," said Rogers. The price of Strategy shares rose 32% in April, the most significant monthly gain since November 2024.