Arizona Governor Katie Hobbs has vetoed a proposed law establishing a state-run Bitcoin and digital assets reserve fund. On July 1, Governor Hobbs informed House Speaker Steve Montenegro in a letter that she opposed House Bill 2324, which sought to establish a “Digital Assets Reserve Fund” funded by criminal asset forfeiture. In her veto letter, […]
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HB2324, which still needs House approval, would update Arizona's laws on forfeiture, allowing the state to hold abandoned digital assets as unclaimed property.
Arizona lawmakers are revisiting a previously rejected bill that would allow the state to manage a reserve fund built from seized cryptocurrencies. House Bill 2324 failed in an earlier House vote but is back in motion following a narrow 16–14 Senate decision on June 19. This decision returns the bill to the Arizona House for […]
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On May 12, Arizona Governor Katie Hobbs rejected three crypto-friendly bills, Senate Bills 1373, 1024, and 1095. The bills aimed to expand the government’s role in digital asset adoption while opposing central bank digital currencies (CBDCs). At the same time, the governor signed a new law, House Bill 2387, that introduces tighter rules for crypto […]
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Two US states have taken significant steps to integrate Bitcoin and digital assets into public policy. On May 7, Arizona and Oregon passed new laws that signal growing acceptance of crypto at the state level. Arizona launches Digital Asset Reserve Arizona has created a state-run Bitcoin and Digital Asset Reserve Fund following the passage of […]
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Arizona State Senator Wendy Rogers says she will bring back her proposed Strategic Bitcoin Reserve (SBR) bill in the next legislative session. This comes after Governor Katie Hobbs rejected the initial bill, marking the first time a sitting US governor has formally blocked such a crypto initiative. Senator Rogers shared her plans over the weekend, […]
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The bill, Senate Bill 1025, aimed to create a digital assets reserve managed by the state.
A new approval from Arizona lawmakers to form a digital assets stockpile must still survive a veto potential from the Democratic governor.
Three US states—Arizona, Kentucky, and Oklahoma—have launched new legislative efforts to support Bitcoin. During the past day, lawmakers in these states have introduced or passed bills to protect crypto rights, encourage Bitcoin investment, and set up state-managed reserves. Arizona’s Bitcoin Reserves bills Arizona is moving forward with two Bitcoin-focused bills that cleared the House Rules […]
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Millions of Americans may soon find out they're crypto investors when their states leap into the markets even before the feds figure out what to do.
Two US states—Arizona and Utah—are making significant progress in integrating Bitcoin into their state portfolios. This week, both states have advanced legislative efforts that could position them as pioneers in adopting digital assets for public funds. Arizona’s momentum Arizona is pushing to become the first U.S. state to invest public funds in Bitcoin. On Jan. […]
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As part of its coverage of the 2024 US Elections, Cointelegraph asked several congressional candidates for their positions on cryptocurrency and blockchain.
Democratic candidate Yassamin Ansari, supported by more than $1 million in crypto Super PAC funds, claimed victory in an Arizona congressional primary.
Crypto interests are planning to go after Sen. Sherrod Brown (D-Ohio) in their biggest-ever single campaign, setting aside $12 million to support the Republican candidate seeking to snatch the Senate seat from the current chairman of the Senate Banking Committee, who has been highly critical of the digital assets sector and reluctant to embrace crypto legislation.
After a very tight victory last week in Arizona that's now facing a recount, the cryptocurrency industry's political forces are shifting their attention toward some of the final U.S. congressional primaries of 2024, including Tuesday's elections in Missouri and Washington state.