#MarketPullback According to BlockBeats, Arizona Governor Katie Hobbs has vetoed a law approved by the House of Representatives and the state Senate proposing the establishment of a 'Strategic Digital Asset Reserve.' The law known as SB 1025 would allow the state treasury and pension systems to invest up to 10% of available funds in virtual currencies, with a particular focus on Bitcoin. Governor Hobbs described cryptocurrency as an 'unverified investment,' leading to her decision to reject the law.