Gate.io News bot message: Arizona Governor Katie Hobbs vetoed a state-level Bitcoin reserve bill (SB 1025). The bill had previously passed the state House of Representatives by a vote of 31 to 25, and was originally planned to invest seized funds in Bitcoin, managed by the state government for the digital asset reserve.
Hobbs stated in a declaration that the Arizona retirement system has performed steadily due to its prudent investments, and the state government should not include virtual currencies as "unverified investments" in public asset management.
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Arizona Governor vetoes state-level Bitcoin reserve bill
Gate.io News bot message: Arizona Governor Katie Hobbs vetoed a state-level Bitcoin reserve bill (SB 1025). The bill had previously passed the state House of Representatives by a vote of 31 to 25, and was originally planned to invest seized funds in Bitcoin, managed by the state government for the digital asset reserve.
Hobbs stated in a declaration that the Arizona retirement system has performed steadily due to its prudent investments, and the state government should not include virtual currencies as "unverified investments" in public asset management.
Source: CoinDesk