Arizona says NO to CBDC ban and crypto payments in sweeping veto
Governor Hobbs rejected the pro-crypto bills, citing market volatility and financial risks to state funds.
Follow crypto legislation news, proposed bills, lawmaker debates, and policy frameworks shaping the future of digital assets.
A 49-48 vote denied the motion to invoke cloture and consider the stablecoin regulation bill for approval.
The two approved bills sets the ground for further Bitcoin integration within the broader financial system.
The title "Stop Presidential Profiteering from Digital Assets Act" indicates that the bill aims to address President Donald Trump and his family's ventures in crypto.
Bitwise CIO Matt Hougan believes failure to pass stablecoin legislation could undermine recent regulatory progress in the US.
New Hampshire were the first among other 37 states to pass a Bitcoin reserve bill into law, Arizona could be the next.
Despite setbacks in Florida, discussions on state-managed digital assets continue behind closed doors.