Arizona Governor Katie Hobbs has vetoed HB 2324, blocking legislation that proposed pooling seized cryptocurrencies into a state-managed Bitcoin and Digital Assets Reserve Fund. This marks her third rejection of similar initiatives seeking to incorporate cryptocurrencies into Arizona’s reserves. Hobbs… Read More »Arizona Governor Vetoes Bill to Create State Bitcoin Reserve Fund from Seized Crypto
Arizona Governor Katie Hobbs has exercised veto power over multiple Bitcoin-related legislative proposals, signaling a cautious approach towards cryptocurrency integration into state operations. Governor Hobbs blocked House Bill 2324, which aimed to establish a Bitcoin reserve funded by seized digital… Read More »Arizona Governor Vetoes Bitcoin Reserve Bill Citing Volatility Concerns
The Arizona Senate has passed legislation establishing a state-managed Bitcoin and Digital Assets Reserve Fund. The bill, House Bill 2324 (HB 2324), was approved in a narrow 16-14 vote. Its purpose is to manage cryptocurrencies seized through criminal forfeiture proceedings.… Read More »Arizona Senate Approves Bill Creating State Bitcoin Reserve Fund for Seized Assets
Arizona’s Senate has reignited legislative efforts around House Bill 2324, proposing a comprehensive structure for managing seized digital assets like Bitcoin through a dedicated state fund. The move signals heightened governmental focus on cryptocurrency regulation at the state level. HB… Read More »Arizona Senate Revives Bill to Establish Framework for Forfeited Digital Assets