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Arizona governor vetoes Bitcoin reserve bill, calling virtual money an "unverified investment".
Arizona Governor Katie Hobbs vetoed a bill (SB 1025) aimed at establishing a state-level Bitcoin reserve. The bill originally intended to invest seized funds in Bitcoin and have the state government manage the digital asset reserve, having previously passed in the state House of Representatives by a vote of 31 to 25. Hobbs stated in a release that Arizona’s retirement system has performed well due to its prudent investments, and the state government should not include virtual money such as “unverified investments” in public asset management. (CoinDesk)