Blow to Bitcoin? Arizona Governor Vetoes Pioneering US Crypto Reserve Bill

Quick Summary:

Governor Katie Hobbs has vetoed a bill that aimed to let Arizona invest retirement funds in crypto assets like Bitcoin.

The Senate Bill 1025 proposed adding virtual currency to the portfolio of the Arizona State Retirement System.

Hobbs rejected the policy earlier today, saying it puts "untested assets” into a program known for stable results.

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Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Crypto news Bitcoin Regulation News Crypto Regulations

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-03 @ 13:19:34 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 406 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 28334373

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Main Topics: Crypto

Official Website: coingape.com

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