The Governor of Arizona, Katie Hobbs, vetoed a bill that would allow you to maintain Bitcoin as part of official reserves, effectively ending the efforts that Arizona became the first US state to accept such a policy.
Digital Assets Strategic Reserve Bill, which would allow Arizona to invest funds in Bitcoin (BTC) and create a reserve managed by government officials, was formally hit on Friday, according to update on the website of the legislator of the state of Arizona.
“Today I vetoed the Bill 1025 Senate. The Arizona pension system is one of the strongest in the country because it makes solid and conscious investments,” Hobbs wrote In a statement addressed to Warren Petersen, president of the Senate Arizona.
“Arizonan pension funds are not a place where the state may try unverified investments such as virtual currency,” she added.
On April 28, the bill adopted a final vote in the State Chamber, when 31 members of the Arizona Chamber voted for the Act, with 25 opposite.
Hobbs previously stated that he would veto any provisions that are not related to a double -sided contract on the financing of disability.
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Another Bitcoin is waiting for the final voice
Comrade Act, SB1373, which would authorize the State Treasurer to assign up to 10% of the Arizona rainfall for digital assets, such as Bitcoin, has not yet achieved final voting.
Arizona joins several other states in which similar efforts failed. In recent months, similar proposals in Oklahomie, Montana, Southern Dakota and Wyoming have got stuck or have been withdrawn.
On the other hand, the House of North Carolina adopted the Act on investments in digital assets on April 30, which allows the Treasurer to invest up to 5% of some funds in approved cryptocurrencies. The act has now been transferred to the State Senate for consideration.
Efforts at the level of the state aimed at creating Bitcoin reserves are coming among US President Donald Trump and republican legislators to do the same in the federal government.
In March, Trump signed an executive order with a proposal of “Strategic Bitcoin reserve” and “digital assets”.
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