Arizona senator vows to reintroduce Bitcoin reserve bill despite governor’s veto
By: cryptosheadlines|2025/05/05 19:30:02
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 Arizona State Senator Wendy Rogers says she will bring back her proposed Strategic Bitcoin Reserve (SBR) bill in the next legislative session.This comes after Governor Katie Hobbs rejected the initial bill, marking the first time a sitting US governor has formally blocked such a crypto initiative.Senator Rogers shared her plans over the weekend, expressing disappointment at the decision. She argued that Bitcoin is no longer a fringe idea but a tested financial innovation.She said:“Politicians don’t understand that Bitcoin doesn’t need Arizona. Arizona needs Bitcoin. I will refile my bill next session.”The SBR bill, officially known as Senate Bill 1025, authorized the state treasurer to allocate some of Arizona’s retirement funds to Bitcoin.The bill passed both chambers of the state legislature without changes but was vetoed by Governor Hobbs, who labeled digital currencies as “untested” and risky for long-term savings.Nonetheless, Rogers appears undeterred by the governor’s opposition to her Bitcoin reserve bill, saying a future governor might support the proposal if Hobbs vetoes her refiled bill during the next session.She said:“If she vetoes it again, I am sure Governor Andy Biggs will be happy to take credit for signing the bill for this already proven (16 years!) innovation that will protect our wealth.”Interestingly, data shared by Bitcoin Laws founder Julian Fahrer shows that the Arizona State Retirement System (ASRS) already has indirect exposure to Bitcoin through holdings in Strategy, the largest corporate holder of the top crypto.What’s next for Arizona?Although SB1025 is off the table for now, Arizona’s involvement in crypto legislation is far from over.Another crypto-related proposal, Senate Bill 1373, is still under consideration.Unlike SB1025, this bill doesn’t involve retirement savings. Instead, it seeks to allow the state to retain and manage cryptocurrencies obtained through seizures or appropriated assets.However, it is unclear if the governor would accede to this bill, considering her opposition to SB1025.Meanwhile, market observers have suggested that SB1373, due to its administrative nature, might have a better chance of securing Governor Hobbs’ approval.Mentioned in this articleSource link
You may also like

Vitalik Rare Self-Criticism: Ethereum Missed the Really Important Battle
Ethereum can't save the entire world, so what can we do?

SBF's bro turned 225 million into 5.5 billion in one year
Meet the 24-Year-Old AI New "Stock Market Wizard".

These former crypto builders have joined the world's hottest AI project
The Crypto Space Does Not Support Idleness

Key Market Insights for March 5th, how much did you miss out on?
1. Top News: Wall Street's key regulatory agency is moving forward with plans to regulate cryptocurrency and prediction markets
2. Token Unlock: None

Crypto VC Inflection Point: The Survival Answers of a16z, Dragonfly, Paradigm
A sign of the maturing Crypto VC space is no longer a sea of sameness but each finding their own path forward.

Is OKX's $25 Billion Valuation Really Justified?
In theory, OKX has tens of millions of new users to tap into in the United States

SBF's little brother turned 225 million into 5.5 billion in one year
Let’s meet the 24-year-old new "stock god" of AI.

In a World of Disruption, How Can Humanities Workers Better Use AI?
This AI in Practice experience is not about teaching you a few magical keywords to memorize; it's more like a methodology.

Anthropic Open Letter: The Hypocritical Sam Altman, PUA Master
OpenAI's extensive PR rhetoric with the Department of War on these issues is either lying or deliberately creating confusion. These facts reveal a pattern of behavior, a pattern I have seen many times in Sam Altman, and I hope everyone can recognize it

On the same day that Kraken's Fedmaster Account was approved, the banking lobbying group immediately launched a counterattack.
Banking Lobby Group Slams Kraken's Approval for "Limited Purpose" Fed Master Account.

Bitwise: This weekend's attack accelerated the on-chain migration of the financial world
The never-ending market has become a global obsession.

Market Downturn: Which Assets Are Worth Watching?
"Whether it can bring benefits to the holder" is one of the key reference indicators.

The real opportunity of stablecoins is not to kill Visa
In the new merchant ecosystem born in the AI era, stablecoins will become the first widely adopted payment infrastructure.

Trump's AI Farce: Insult if You Don't Pay
Dario's all-hands email is full of ad hominem attacks
US & Canada Crypto Tax Season 2026: Official Tax Reporting Support from WEEX × KoinX
Prepare for US & Canada crypto tax season 2026. Learn how to export your WEEX transaction history and access official reporting support through our partnership with KoinX.

Conversation between Tom Lee and "The Big Short" Author: AI has detected bubble signal, crypto correction due to gold liquidity being "siphoned off"
A real bubble occurs when everyone is absolutely certain that "this is definitely not a bubble."

The true reason for Claude's ban, Kraken accessing the Federal Reserve payment system, What is the English community paying attention to?
What Was Trending in the Last 24 Hours?

「Buying the Dip」 of 400,000 BTC: Is $74,000 a Rebound or a Reversal?
BTC price hits a new monthly high.
Vitalik Rare Self-Criticism: Ethereum Missed the Really Important Battle
Ethereum can't save the entire world, so what can we do?
SBF's bro turned 225 million into 5.5 billion in one year
Meet the 24-Year-Old AI New "Stock Market Wizard".
These former crypto builders have joined the world's hottest AI project
The Crypto Space Does Not Support Idleness
Key Market Insights for March 5th, how much did you miss out on?
1. Top News: Wall Street's key regulatory agency is moving forward with plans to regulate cryptocurrency and prediction markets
2. Token Unlock: None
Crypto VC Inflection Point: The Survival Answers of a16z, Dragonfly, Paradigm
A sign of the maturing Crypto VC space is no longer a sea of sameness but each finding their own path forward.
Is OKX's $25 Billion Valuation Really Justified?
In theory, OKX has tens of millions of new users to tap into in the United States