Arizona State Governor Vetoes Bitcoin Reserve Bill – Details
Arizona State Governor Katie Hobbs has vetoed a legislative bill that would have allowed the creation of a Bitcoin reserve. The Grand Canyon state joins a growing list of other US states where legislative efforts to direct state investment to Bitcoin have proven futile. Related Reading: History Rhymes: Will Bitcoin Repeat Classic Breakout Pattern To […]
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The close of last week coughed up some rather unpleasant news for Bitcoin (and crypto) supporters. Arizona’s governor, Katie Hobbs, announced her decision to veto Senate Bill 1025, also known as the ‘Arizona Strategic Bitcoin Reserve Act.’ SB1025 would have allowed Arizona’s treasurers and public retirement funds to invest up to 10% of state funds into $BTC and other crypto assets. Keep reading to learn more about Arizona’s Bitcoin problem. We’ll also discuss another potential bottleneck crypto is currently facing. Do stick around until the end because....
Arizona has advanced Senate Bill 1025 — also known as the “Arizona Strategic Bitcoin Reserve (SBR) Act” — out of committee, positioning it to become the first US state to vote on legislation that would authorize investing state funds in Bitcoin. Dennis Porter, CEO and founder of the advocacy group Satoshi Act Fund, broke the […]
California Governor Gavin Newsom has vetoed a bill to regulate crypto in his state. He stressed that “a more flexible approach is needed” to “keep up with rapidly evolving technology and use cases” in the crypto sector.
Bill to Regulate Crypto in California Vetoed by Governor Newsom
The governor of the U.S. state of California, Gavin Newsom, vetoed a number of bills Friday, including Assembly Bill 2269 (AB 2269) which will establish a licensing and regulatory framework for cryptocurrency.
Assembly Bill 2269, titled “Digital financial....
Big if true. Did Arizona one-up every other Bitcoiner state? A bill that seeks to make Bitcoin legal tender in the state is circulating through Twitter and Telegram groups. Doubt is still in the air, and there’s no official confirmation, but the document seems to exist. And, even though it’s just a bill and there’s […]
Senator Wendy Rogers introduced a bill to make bitcoin a lawful currency in the U.S. state of Arizona.