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BTCC / BTCC Square / CoindeskEN /
Arizona Governor Slams Crypto as ’Untested,’ Torpedoes Bitcoin Reserve Proposal

Arizona Governor Slams Crypto as ’Untested,’ Torpedoes Bitcoin Reserve Proposal

Author:
CoindeskEN
Published:
2025-05-03 16:01:01
17
3

Arizona Governor Calls Crypto an ‘Untested Investment,’ Vetoes Bitcoin Reserve Bill

Arizona’s governor just gutted a bill that would’ve let the state hold Bitcoin in its treasury—calling crypto ’an untested investment’ in a veto that stings like a 50% drawdown.

Another win for bureaucratic risk aversion: while Wall Street gambles with taxpayer money on derivatives, politicians suddenly develop an allergy to volatility when it’s decentralized.

The move leaves Arizona trailing crypto-forward states like Wyoming—proving once again that regulatory courage moves at the speed of dial-up internet.

|Square

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