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Arizona Governor Rejects Two Crypto Bills, But 'Greenlights' ATM Regulations: The Future of BitcoinOn May 13, 2025, Governor Katie Hobbs of Arizona vetoed two crypto-related bills but approved a law tightening crypto ATM regulations while updating non-receiving property laws to cover digital assets. Will Arizona miss out on opportunities with Bitcoin? Let's analyze in detail.
Two Crypto Bills Vetoed
Governor Hobbs vetoed two bills on Monday:
SB 1373 (Strategic Digital Asset Reserve Fund): This bill proposed the establishment of a fund to hold crypto from seizures or legislative allocations, not using public funds to purchase digital assets, but Hobbs rejected it because "crypto market volatility is incompatible with public funds," according to the veto letter sent to Senate President Warren Petersen.
Arizona Governor Rejects Two Crypto Bills, But 'Greenlights' ATM Regulations: The Future of Bitcoin
On May 13, 2025, Governor Katie Hobbs of Arizona vetoed two crypto-related bills but approved a law tightening crypto ATM regulations while updating non-receiving property laws to cover digital assets. Will Arizona miss out on opportunities with Bitcoin? Let's analyze in detail.
Two Crypto Bills Vetoed
Governor Hobbs vetoed two bills on Monday:
SB 1373 (Strategic Digital Asset Reserve Fund): This bill proposed the establishment of a fund to hold crypto from seizures or legislative allocations, not using public funds to purchase digital assets, but Hobbs rejected it because "crypto market volatility is incompatible with public funds," according to the veto letter sent to Senate President Warren Petersen.
Two Crypto Bills Vetoed
Governor Hobbs vetoed two bills on Monday:
SB 1373 (Strategic Digital Asset Reserve Fund): This bill proposed the establishment of a fund to hold crypto from seizures or legislative allocations, not using public funds to purchase digital assets, but Hobbs rejected it because "crypto market volatility is incompatible with public funds," according to the veto letter sent to Senate President Warren Petersen.
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