CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Coin Edition 2025-05-03 13:45:00

Governor Hobbs Vetoes Arizona’s Bitcoin Reserve Bill For The State

Governor Hobbs vetoed Arizona’s bill to hold Bitcoin in the state’s official reserves. Critics warned that Bitcoin’s volatility posed a financial risk to Arizona’s stability. Despite setbacks, over 35 digital asset reserve bills remain active across the U.S. Arizona failed to lead U.S. states by establishing official Bitcoin holdings as part of its reserve assets. Governor Katie Hobbs vetoed the Digital Assets Strategic Reserve bill because she considered Bitcoin an untested investment. The state House approved this bill on April 28 to permit state officials to use seized funds for Bitcoin investments. The proposed legislation created a management system for the Bitcoin reserve under state administrators. According to an under-development measure, the state treasurer could get authority to put 10% of Arizona’s rainy-day funds into digital assets. A companion bill still requires approval before it can become official legislation. Advocates of the bill contended that Arizona would set an example in digital asset regulations through its adoption. The initiative received support due to Bitcoin’s rising international government adoption and instituti… The post Governor Hobbs Vetoes Arizona’s Bitcoin Reserve Bill For The State appeared first on Coin Edition .

阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约