Arizona governor vetoes bill to make Bitcoin part of state reserves

May 3, 2025

, By Cointelegraph

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Arizona Governor Katie Hobbs has vetoed a bill that would have allowed the state to hold Bitcoin as part of its official reserves, effectively ending efforts to make Arizona the first US state to adopt such a policy.

The Digital Assets Strategic Reserve bill, which would have permitted Arizona to invest seized funds into Bitcoin ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” rel=”null” target=”null” text=”null” title=”https://cointelegraph.com/bitcoin-price”>BTC) and create a reserve managed by state officials, was formally struck down on Friday, according to an data-ct-non-breakable=”null” href=”https://apps.azleg.gov/BillStatus/BillOverview/81632″ rel=”null” target=”null” text=”null” title=”null”>update on the Arizona State Legislature’s website.

“Today, I vetoed Senate Bill 1025. The Arizona State Retirement…

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Arizona governor vetoes bill to make Bitcoin part of state reserves

May 3, 2025

, Published By Cointelegraph

Arizona Governor Katie Hobbs has vetoed a bill that would have allowed the state to hold Bitcoin as part of its official reserves, effectively ending efforts to make Arizona the first US state to adopt such a policy.

The Digital Assets Strategic Reserve bill, which would have permitted Arizona to invest seized funds into Bitcoin ( data-ct-non-breakable=”null” href=”https://cointelegraph.com/bitcoin-price” rel=”null” target=”null” text=”null” title=”https://cointelegraph.com/bitcoin-price”>BTC) and create a reserve managed by state officials, was formally struck down on Friday, according to an data-ct-non-breakable=”null” href=”https://apps.azleg.gov/BillStatus/BillOverview/81632″ rel=”null” target=”null” text=”null” title=”null”>update on the Arizona State Legislature’s website.

“Today, I vetoed Senate Bill 1025. The Arizona State Retirement…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Trump’s space budget reflects influence of Elon Musk and SpaceX

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Indian Startup Funding — Startups Raised $55 Mn This Week

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