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Arizona Governor Vetoes Crypto Bills Amid Market Volatility Concerns
Arizona Governor Vetoes Crypto Bills Amid Market Volatility Concerns
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Arizona Governor Katie Hobbs has vetoed two cryptocurrency-related bills, citing financial risks and market instability. The rejected legislation sought to deepen crypto integration into the state’s public finance system, with one bill proposing a reserve fund from seized digital assets and another aiming to permit state agencies to accept crypto payments for fines.
The governor’s decision underscores growing caution among policymakers as they navigate the unpredictable terrain of digital assets. While the vetoes signal hesitation, the quiet passage of at least one crypto-related measure suggests Arizona’s engagement with the sector remains ongoing.
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