Bitcoiners and officials of the United States criticized the Governor’s decision Arizona Katie Hobbs on vetoing a law that would allow you to maintain Bitcoins as part of official reserves.
“It will be poorly old”, co -founder of Casa and Cypherpunk Jameson LOPP he said In the post of May 3. Bitcoin (BTC) Entrepreneur Anthony Pomplianiano he said“Imagine that ignorance of politics to believe that he can make investment decisions.”
Call state officials who understand bitcoins are “future”
“If he can’t surpass Bitcoins, he must buy it,” said Pompliano. Andrew Gordon cryptographic lawyer he said“We need more selected officials who understand that Bitcoin and Crypto are the future.”
Wendy Rogers, who co -financed the act with a representative of the state Jeff Weninger, also expressed disappointment.
“Politicians do not understand that Bitcoin does not need Arizona. Arizona needs bitcoins,” Rogers he said.
On May 2, Hobbs vetoed the Act on the Arizona Strategic Bitcoin strategic reserve, which would allow Arizona to invest funds in Bitcoin and create a reserve managed by state officials. “Today I vetoed the Senate Bill 1025. Arizona’s pension system is one of the strongest in the country because it makes solid and conscious investments,” said Hobbs.
Rogers said that she would re -enter the bill during the next session. Rogers also pointed out that the State Arizona pension system already has supplies of Michael Saylor’s strategy (MST).
“What is essentially additional ETF Bitcoin. The strategic reserve account of the Arizona Bitcoins will return. Hodl,” said Rogers. The price of the strategy shares increased in April by 32%, which is the most crucial monthly profit since November 2024.
Related: Actions in the US give a guide about the upcoming regulation of cryptocurrencies
However, the well -known cryptographic skeptic Peter Schiff took the Hobbs’ side. “The government should not make decisions to use public funds to speculate in cryptocurrencies”, Schiff he said.
Arizona would become the first state of the USA to establish a Bitcoin strategic reserve if it was over.
Arizona joins several other US states in which similar efforts failed. Similar proposals in Oklahomie, Montana, Southern Dakota and Wyoming are stuck or have recently been withdrawn.
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