Arizona Governor Doubles Down: Rejects Bitcoin Reserve Plan Fueled by Seized Crypto—Again
Arizona's governor just slammed the door—again—on a bold proposal to fund a state Bitcoin reserve using confiscated crypto assets. Here's why the move has crypto advocates fuming and bureaucrats shrugging.
The Backstory: A Rejected Crypto Dream
For the second time, state lawmakers pushed to repurpose seized digital assets—think darknet busts and enforcement actions—as the backbone of Arizona's proposed Bitcoin treasury. The governor's veto pen struck harder than a Bitcoin halving.
The Fallout: Political Theater or Prudent Caution?
Crypto proponents call it a missed opportunity to pioneer state-level Bitcoin adoption. Critics argue it’s just another politician kicking the can down the road—probably funded by legacy banking donors. Meanwhile, the seized crypto gathers dust in some government wallet, depreciating faster than a shitcoin in a bear market.
The Bottom Line
While El Salvador mines Bitcoin with volcanoes, Arizona won’t even recycle its crypto seizures. Maybe next budget cycle—if the lobbyists get their way.
