Arizona governor kills two crypto bills, cracks down on Bitcoin ATMs

Arizona Governor Katie Hobbs has vetoed two key cryptocurrency-related bills that aimed to expand the state’s involvement in digital assets while simultaneously signing a strict regulatory measure targeting Bitcoin ATMs. On May 12, Hobbs rejected Senate Bill 1373, which sought to establish a Digital Assets Strategic Reserve Fund. The fund would have allowed Arizona to hold crypto assets obtained through seizures or legislative allocations. “Current volatility in cryptocurrency markets does not make a prudent fit for general fund dollars,” she stated in her veto letter source: https://cointelegraph.com/news/arizona-governor-vetoes-crypto-bills-approves-bitcoin-atm-law?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound