{"id":23942,"date":"2025-05-13T16:12:56","date_gmt":"2025-05-13T13:12:56","guid":{"rendered":"https:\/\/forklog.com\/en\/arizona-governor-rejects-risky-cryptocurrency-bills\/"},"modified":"2025-05-13T16:12:56","modified_gmt":"2025-05-13T13:12:56","slug":"arizona-governor-rejects-risky-cryptocurrency-bills","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/arizona-governor-rejects-risky-cryptocurrency-bills\/","title":{"rendered":"Arizona Governor Rejects &#8216;Risky&#8217; Cryptocurrency Bills"},"content":{"rendered":"<p>Arizona Governor Katie Hobbs <a href=\"https:\/\/azgovernor.gov\/office-arizona-governor\/news\/2025\/05\/governor-katie-hobbs-legislative-action-update-2\">vetoed<\/a> two cryptocurrency-related bills, labeling them as &#8216;too risky&#8217;.<\/p>\n<p>The first rejected bill proposed the creation of a reserve fund from confiscated digital assets. Hobbs noted that she had already <a href=\"https:\/\/u1f987.com\/en\/news\/arizona-becomes-second-u-s-state-to-establish-crypto-reserve-law\">signed a law<\/a> allowing the state to use cryptocurrency without risking the main budget. She stated that market volatility makes such initiatives unsafe.<\/p>\n<p>The second bill would have allowed state agencies to accept cryptocurrency as payment for fines. The governor stated that linking budgetary structures with &#8216;unstable assets&#8217; is premature.<\/p>\n<p>Previously, she also <a href=\"https:\/\/u1f987.com\/en\/news\/arizonas-attempt-to-establish-a-bitcoin-reserve-fails\">blocked a law<\/a> that would have allowed up to 10% of the state&#8217;s pension funds to be invested in cryptocurrency.<\/p>\n<p>However, Hobbs supported an initiative tightening requirements for crypto ATMs. Operators are now required to:<\/p>\n<ul class=\"wp-block-list\">\n<li>warn about fraud risks;<\/li>\n<li>provide detailed receipts;<\/li>\n<li>set a $2000 daily limit for new users;<\/li>\n<li>ensure 24\/7 support.<\/li>\n<\/ul>\n<p>The aim of these changes is to protect vulnerable groups, including the elderly, from financial scams. The law will take effect after final ratification.<\/p>\n<p>Earlier in Florida, authorities <a href=\"https:\/\/u1f987.com\/en\/news\/florida-withdraws-bitcoin-reserve-bills-from-consideration\">halted consideration<\/a> of two legal acts allowing state funds to be invested in Bitcoin.<\/p>\n<p>In states such as <a href=\"https:\/\/u1f987.com\/en\/news\/oklahoma-senate-rejects-bitcoin-reserve-proposal\">Oklahoma<\/a>, Montana, Pennsylvania, North and South Dakota, and Wyoming, attempts to create a strategic crypto reserve also <a href=\"https:\/\/u1f987.com\/en\/news\/montana-house-rejects-bitcoin-reserve-bill-2\">failed<\/a>.<\/p>\n<p>Meanwhile, on May 6, New Hampshire <a href=\"https:\/\/u1f987.com\/en\/news\/new-hampshire-pioneers-bitcoin-reserve-legislation-in-the-us\">became the first state<\/a> to allow the government to invest in digital assets.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arizona Governor Katie Hobbs vetoed two cryptocurrency-related bills, labeling them as &#8216;too risky&#8217;. The first rejected bill proposed the creation of a reserve fund from confiscated digital assets. Hobbs noted that she had already signed a law allowing the state to use cryptocurrency without risking the main budget. She stated that market volatility makes such [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23941,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,36,26],"class_list":["post-23942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-regulation","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=23942"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/23941"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=23942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=23942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=23942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}