In brief
- Arizona Governor Katie Hobbs vetoed the bill, saying it “disincentivizes local law enforcement from working with the state.”
- The bill’s rejection marks Hobbs’ third Bitcoin legislation-related veto this year, as she maintains concerns over exposing state funds to volatile markets.
- One expert says Arizona’s long-term prospects to adopt Bitcoin “don’t necessarily change,” as future leadership is still able to steer a crypto-friendly course.
Arizona Governor Katie Hobbs has knocked back another attempt to establish a state-managed Bitcoin reserve, which would have included other digital assets seized from criminal proceeds.
Hobbs said the bill “disincentivizes local law enforcement from working with the state on…
Jul 25 2025
