“The Bill, Senate Bill 1025, Aimed to Create a Digital Assets Reserve Managed by The State.”, – WRITE: www.coindesk.com
Governor Katie Hobbs Vetoed a Bill on Friday that would have allwed the State to Hold the Digital Asset As Part of ITS Official Reserves.
The Legislation, Known As Senate Bill 1025, Propsed Using Seized Funds to Invest in BTC and Create A Digital Assets Reserve Managed by The State. After passing the State House in a Narrow 31–25 Vote, The Bill Reached Hobbs’ Desk, WHERE IT WAS SWIFTLY STRUCK DOWN.
“The Arizona State retirement system is one of the Strongst in the Nation Because It Makes Sound and Informed Investments. Currencu, ”Hobbs Wrote in A Statement.
The veto ends a push that could have a Made Arizona the first state to set up a cryptocurrency reserve, and it could have an outpaced the US Treasury Department in Doing SO.
Read More: As One State Gets Closer on a Crypto Reserve, Other Jump Into The Fray
