Arizona: Governor Katie Hobbs Blocks The Bitcoin Reserve Project
By: cryptosheadlines|2025/05/04 08:45:01
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com 10h05 3 min read by Eddy S. Arizona has just rejected an ambitious bill aimed at integrating bitcoin into its official reserves. While several states are exploring this bold approach, Governor Katie Hobbs’ veto reignites the national debate on the future of BTC in public management and institutional finance. In BriefThe governor of Arizona vetoes a bill allowing bitcoin to be integrated into its reserves.A second similar bill is still pending, while other states like North Carolina are moving forward.The debate on institutional adoption of bitcoin intensifies at both state and federal levels.Arizona Refuses to Integrate Bitcoin into Its ReservesA setback for bitcoin in the state of Arizona. Democratic Governor Katie Hobbs vetoed on Friday the Digital Assets Strategic Reserve bill (SB1025), which would have allowed the state to invest part of its seized funds in BTC. Arizona could thus have become the first U.S. state to integrate cryptocurrency into its official reserves.The bill, passed in April by the State House of Representatives (31 votes for, 25 against), proposed the creation of a strategic bitcoin fund managed by public officials. But Hobbs categorically rejected this approach. “Arizona’s retirement system is one of the strongest in the country because it is based on prudent and informed investments. The retirement funds of Arizonans are not a testing ground for unproven virtual assets,” she said in a message addressed to the local Senate president.Other Initiatives PendingA second bill, SB1373, which would allow allocating up to 10% of the state’s emergency reserve fund to digital assets like bitcoin, is still awaiting final vote. Arizona thus joins other states like Montana, South Dakota, and Oklahoma, where similar initiatives have failed. But momentum continues elsewhere.North Carolina, meanwhile, has taken a step forward with the adoption by its House of the Digital Assets Investment Act, allowing investment of 5% of certain funds into cryptocurrencies. The bill is now in the hands of the local Senate. At the federal level, the Trump administration is also pushing for the creation of a “strategic bitcoin reserve” through an executive order signed in March.The battle for institutional bitcoin is far from over. While Arizona hesitates, other states like California are heavily investing in Strategy’s BTC shares. Between political caution and strategic vision, bitcoin is gradually asserting itself in American budget debates. State adoption is no longer a question of “if“, but of “when“.Maximize your Cointribune experience with our “Read to Earn” program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.Eddy S.The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.DISCLAIMERThe views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions. function launch_facebook_pixel() { !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window,document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '399446674556272'); fbq('track', 'PageView'); } function launch_google_analytics() { var el = document.createElement('script'); el.setAttribute('type', 'text/javascript'); el.setAttribute('async', true); el.setAttribute('src', '//www.googletagmanager.com/gtag/js?id=G-MCDLS7NHBD'); document.body.append(el); window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-MCDLS7NHBD', {'anonymize_ip': true}); gtag('config', 'G-MCDLS7NHBD', {'link_attribution': true}); } function launch_linkedin_pixel() { _linkedin_partner_id = '3766114'; window._linkedin_partner_id = '3766114'; window._linkedin_data_partner_ids = window._linkedin_data_partner_ids || []; window._linkedin_data_partner_ids.push(_linkedin_partner_id); (function(l) { if (!l){window.lintrk = function(a,b){window.lintrk.q.push([a,b])}; window.lintrk.q=[]} var s = document.getElementsByTagName('script')[0]; var b = document.createElement('script'); b.type="text/javascript";b.async = true; b.src="https://snap.licdn.com/li.lms-analytics/insight.min.js"; s.parentNode.insertBefore(b, s);})(window.lintrk); } function launch_microsoft_clarity() { if (typeof window.clarity !== 'undefined') { window.clarity("consent"); } } function launch_loyalty_program_1world() { if (typeof window.OWOStorageSolutionManager !== 'undefined' && typeof window.OWOStorageSolutionManager.allow !== 'undefined') { window.OWOStorageSolutionManager.allow(); } } (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l="+l:"';j.async=true;j.src="https://www.googletagmanager.com/gtm.js?id="+i+dl;f.parentNode.insertBefore(j,f);}) (window,document,'script','dataLayer','GTM-KCC4DFK'); document.addEventListener('DOMContentLoaded', function() { var el = document.createElement('script'); el.setAttribute('type', 'text/javascript'); el.setAttribute('async', true); el.setAttribute('src', 'https://www.clarity.ms/tag/' + 'j0pngcg8ry'); document.body.append(el); window.clarity = window.clarity || function() {(window.clarity.q = window.clarity.q || []).push(arguments);}; }); void 0 === window._axcb && (window._axcb = []); window._axcb.push((axeptio) => { axeptio.on("cookies:complete", (choices) => { if (choices.google_analytics) { launch_google_analytics(); } if (choices.facebook_pixel) { launch_facebook_pixel(); } if (choices.Linkedin) { launch_linkedin_pixel(); } if (choices.clarity) { launch_microsoft_clarity(); } if (choices.loyalty_program) { launch_loyalty_program_1world(); } else { if (typeof window.OWOStorageSolutionManager !== 'undefined' && typeof window.OWOStorageSolutionManager.disable !== 'undefined') { window.OWOStorageSolutionManager.disable(); } } }); }); window.axeptioSettings = { clientId: '60df16cf7559213aac28972d', cookiesVersion: 'EN', googleConsentMode: { default: [ { analytics_storage: 'denied', ad_storage: 'denied', ad_user_data: 'denied', ad_personalization: 'denied', wait_for_update: 500, }, { region: ['US'], analytics_storage: 'granted', ad_storage: 'granted', ad_user_data: 'granted', ad_personalization: 'granted', wait_for_update: 500, } ] } }; document.addEventListener('DOMContentLoaded', () => { var el = document.createElement('script'); el.setAttribute('type', 'text/javascript'); el.setAttribute('async', true); el.setAttribute('src', 'https://loyalty-wleu.1worldonline.com/points-balance-widget.js'); document.body.append(el); if (typeof window.OWOStorageSolutionManager !== 'undefined' && typeof window.OWOStorageSolutionManager.disable !== 'undefined') { window.OWOStorageSolutionManager.disable(); } const urlParams = new URLSearchParams(window.location.search); if (urlParams.has('logged-out') && urlParams.get('logged-out') === '1') { const checkFunctionExist = setInterval(() => { if (typeof window.logout1WO === 'function') { setTimeout(window.logout1WO, 500); clearInterval(checkFunctionExist); } }, 100); } }); Source link
You may also like
Do you want to buy CRCL?
A detailed breakdown of Circle's business fundamentals and valuation logic: The panic over OUSD and the market correction have triggered a short-term mispricing, presenting an opportunity for left-side positioning and legislative speculation below $60.
Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity
Federal Reserve Chairman Waller clearly stated at the ECB forum that the Fed will abandon forward guidance on interest rates, with future decisions relying entirely on real-time economic data. He noted that inflation risks in the U.S. have decreased over the past four weeks, but the ultimate impact ...
The most secretive AI winner
A century-old company that sells toilets and produces MSG has seen its stock price soar by "positioning" core materials for AI chips. This article clarifies the explosive opportunities for domestic substitution of semiconductor materials in the A-share market.
Looking at Stripe's ambitions and the future of stablecoins from OUSD
Stripe enters the stablecoin network battle with OUSD, a comprehensive look at the third paradigm evolution of digital dollars and the new infrastructure for global payments in the AI era.
From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?
The revenue from consumer applications on Solana is no longer solely reliant on meme coin issuance, but is gradually spreading to more consumption scenarios.
Dan Bin's latest speech: Don't miss out on a great era
Don't let hesitation trap your steps, and don't let shortsightedness waste the passing years—make sure not to miss this magnificent era that belongs to us.
Robinhood launches its own blockchain, no longer wanting to be a tenant on others' chains
While laying off employees and issuing bonds, it is the predictive market business that temporarily supports the income.
Why Tokenized Stocks Are Booming in 2026 While Crypto Is Still Struggling
Why are tokenized stocks booming while the crypto market struggles? Explore the latest 2026 data, institutional adoption, and what it means for traders.
Former ByteDance employee's account: How I started with two Pinduoduo hard drives and made six times the profit with Seagate to achieve financial freedom?
A programmer from a big tech company bought hard drives on Pinduoduo and, following clues, managed to accurately capture the sixfold rising stock Seagate using the "finding daily anomalies + 13F institutional verification" framework, making a wild profit of $400,000 and achieving financial freedom.
MiCA reshuffle begins, Binance temporarily bids farewell to the EU
What Binance leaves behind is not scattered retail investors, but a whole batch of high-value users who are forced to liquidate and have almost nowhere to go.
How does Gate redo "buying and selling stocks" from the cryptocurrency world to the stock market?
The competition logic of exchanges has changed.
Visa and Mastercard join 140 giants to launch a new stablecoin, but the impact on the market landscape may still be limited
As an important milestone event in the stablecoin landscape, OUSD is likely to change the existing stablecoin landscape and significantly increase the adoption rate of stablecoins in the global financial system.
Circle CEO responds to OUSD's challenge: Stablecoins are a winner-takes-all business, and we will not slow down
OUSD was jointly launched by more than 140 giants, causing Circle's stock price to plummet in a single day. Circle's CEO personally wrote a response, clarifying USDC's moat from three aspects: network effects, liquidity, and regulation, and dismantling OUSD's three selling points of "free redemption...
Argentina vs Cape Verde: When a Record-Breaking Legend Meets an Unbreakable Underdog
WEEX exclusive pre-match analysis of Argentina vs Cape Verde, exploring Messi-led Argentina’s dominance and Cape Verde’s historic defensive breakout, with a breakdown of volatility, structure, and match dynamics.
WEEX Launches Depth Chart for Spot Trading
WEEX Spot now supports Depth Chart, helping users visualize buy and sell orders, spot liquidity walls, and understand market depth more clearly before placing trades.
Raising interest rates to protect STRC and selling coins to maintain credit, this time the strategy has chosen the two most expensive paths
The rebound in BTC prices can make all problems simple.
Morning Report | Samsung announces a 265.5 trillion won investment plan, focusing on semiconductor and AI computing power data centers; Vitalik publishes an article detailing the entire technology tree behind the confusion protocol (iO) mainline
Overview of Important Market Events on June 29
In the era of AI, what is left of Bitcoin?
AI can generate a fake image, create a fake video, and even forge a person's voice. But it cannot make the entire Bitcoin network acknowledge a non-existent transaction out of thin air.
Do you want to buy CRCL?
A detailed breakdown of Circle's business fundamentals and valuation logic: The panic over OUSD and the market correction have triggered a short-term mispricing, presenting an opportunity for left-side positioning and legislative speculation below $60.
Wosh: Inflation has cooled in recent weeks, AI is reshaping the economy, and forward guidance has lost its necessity
Federal Reserve Chairman Waller clearly stated at the ECB forum that the Fed will abandon forward guidance on interest rates, with future decisions relying entirely on real-time economic data. He noted that inflation risks in the U.S. have decreased over the past four weeks, but the ultimate impact ...
The most secretive AI winner
A century-old company that sells toilets and produces MSG has seen its stock price soar by "positioning" core materials for AI chips. This article clarifies the explosive opportunities for domestic substitution of semiconductor materials in the A-share market.
Looking at Stripe's ambitions and the future of stablecoins from OUSD
Stripe enters the stablecoin network battle with OUSD, a comprehensive look at the third paradigm evolution of digital dollars and the new infrastructure for global payments in the AI era.
From Pump.fun to Collector Crypt: Has Solana's income throne changed hands?
The revenue from consumer applications on Solana is no longer solely reliant on meme coin issuance, but is gradually spreading to more consumption scenarios.
Dan Bin's latest speech: Don't miss out on a great era
Don't let hesitation trap your steps, and don't let shortsightedness waste the passing years—make sure not to miss this magnificent era that belongs to us.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com



