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Arizona Governor Katie Hobbs vetoes bill to create state-managed bitcoin reserve, citing risks.
Arizona Governor Katie Hobbs vetoed Senate Bill 1025, which proposed using seized funds to invest in a state-managed digital asset reserve primarily focused on bitcoin.
Hobbs argued that Arizona's retirement funds should not be used for untested investments like virtual currencies.
This veto prevents Arizona from becoming the first state with a cryptocurrency reserve.
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La gobernadora de Arizona Katie Hobbs vetó un proyecto de ley para crear una reserva de bitcoins administrada por el estado, citando riesgos.