The governor of Arizona Katie Hobbes achieved the right to veto the 1025 Senate Bill, which would have allowed the state to establish the Bitcoin Reserve.
The decision, which was taken on May 2, represents the first time that an American governor has refused to sit in the state -backed backed backed initiative, despite the increasing interest in such measures across several states.
The Bitcoin Reserve Bill in Arizona achieved the right to veto despite the support of the two parties
In a letter to Senate Speaker Warren Petersen, Hobbes confirmed that the retirement system in Arizona (ASRS) should continue to give priority to well -fixed and well -proven investments.
The virtual currencies described it as “indifferent” and not suitable for retirement savings of Arizona residents.
“The retirement system in Arizona is one of the strongest nation in the country because it makes sound and enlightened investments. Arzonan pension funds are not the place for the state to try unparalleled investments such as virtual currencies.” I mentioned.
The position of Governor Hobbes reflects the wider doubts within the Democratic Party towards the integration of encryption in government financial systems.
This is also followed by a short period of making the Arizona Legislative Council the first history in the United States to pass the SBR bill in both rooms – support the two parties.
Meanwhile, the Senate Bill 1025 was one of the proposals of the digital assets that were sent to the Hobbes office in this session.
The second, the Senate Bill 1373, will give Arizona the authority to retain the encrypted currencies obtained through legal seizures. It also enables the treasurer to lend these assets to generate additional income.
This draft law is still unclear in the wake of Hobbes opposition to SB 1025.
Arizona is now joining a group of states – including Oklahoma, Montana, Northern Dakota and Wyoumeng – where the efforts made to make the formal nature of bitcoin reserves or their failure.
However, the momentum continues elsewhere. New Hampshire is approaching a possible breakthrough, with its proposal to review the previous committee, and now awaited a full vote in the second legislative chamber. If approved, the ruler will follow up for the final consideration.
At the national level, Senator Centum Lomes welcomed the recent support of President Donald Trump for her plan to create the Bitcoin Federal Reserve.
Bitcoin is the only solution to the debts of our nation of $ 36. I mentioned.
Lummis pays the Bitcoin Law Bill, which will allow the United States to obtain up to one million BTC over a period of five years. The legislator claims that such a step will help stabilize the US financial policy and enhance the country’s role in global financial innovation.
Disintegration
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