Arizona Governor Vetoes Bitcoin Reserve Bills, Signs New Law on Crypto ATMs

On May 12, 2025, Arizona Governor Katie Hobbs vetoed two crypto-related bills, halting the state’s plans to expand its role in digital assets. The first bill, Senate Bill 1373, would have created a Digital Assets Strategic Reserve Fund. Arizona could have held cryptocurrencies obtained through seizures or legislative allocations. Hobbs rejected the bill, citing concerns […]

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