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Arizona governor kills two crypto bills, cracks down on Bitcoin ATMs

Coin Telegraph LogoCoin Telegraph14h ago

Arizona governor kills two crypto bills, cracks down on Bitcoin ATMs - Coin Telegraph

Quick Summary:

Although the proposal attempted to shield the state from direct exposure to price volatility, Hobbs said it still introduced “too much risk.”Source: State of Arizona, Office of the GovernorRelated: Taiwan lawmaker calls for Bitcoin reserve at national conferenceHobbs approves Bitcoin ATM billOn May 12, Hobbs approved House Bill 2387, which introduces new consumer protection rules for cryptocurrency kiosk (ATM) operators, aiming to reduce fraud and improve transparency.

The fund would have allowed Arizona to hold crypto assets obtained through seizures or legislative allocations.“Current volatility in cryptocurrency markets does not make a prudent fit for general fund dollars,” she stated in her veto letter.“I have already signed legislation this session which allows the state to utilize cryptocurrency without placing general fund dollars at risk,” she added.

Arizona Governor Katie Hobbs vetoed two key cryptocurrency-related bills that aimed to expand the state’s involvement in digital assets while signing a strict regulatory measure targeting Bitcoin ATMs.

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Article Details

Author / Journalist: Cointelegraph by Amin Haqshanas

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-13 @ 09:46:41 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 461 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28669633

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 30 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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