Arizona state senator and Bitcoin advocate Wendy Rogers said, “Bitcoin doesn’t need Arizona, Arizona needs Bitcoin."
Arizona News
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Arizona’s plan to invest in Bitcoin has ended in a veto, with Governor Katie Hobbs citing concerns over using public funds for "untested assets."
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The Arizona House of Representatives approved two bills proposing different methods that the state could use to establish a cryptocurrency reserve.
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Arizona’s Strategic Digital Assets Reserve Bill is one vote away from hitting Governor Katie Hobbs’ desk, though she has been recently vetoing bipartisan bills.
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New Hampshire is now the fourth US state to see a Bitcoin reserve bill pass through one legislative chamber, while a Florida House committee has advanced a similar bill.
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It comes on the same day Oklahoma’s Strategic Bitcoin Reserve Act passed the State House of Representatives, bringing a reserve one step closer to potential enactment.
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Arizona will soon vote on two proposed bills to establish digital asset reserves seized through criminal proceedings and a specific Bitcoin reserve based on public funds from the state’s treasury and retirement system.
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Two crypto reserve bills have passed their third reading in Arizona’s Senate and will head to the state’s House of Representatives.
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Utah’s Bitcoin reserve bill could be the first of its kind to pass at the state level in the US because of its shorter legislative window to decide on bills, says a Bitcoin advocate.
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Arizona’s Bitcoin reserve bill aims to enable public funds and pensions to invest in Bitcoin, marking a significant shift in cryptocurrency adoption and financial strategy.
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As part of its coverage of the 2024 US Elections, Cointelegraph asked several congressional candidates for their positions on cryptocurrency and blockchain.
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Crypto interest groups could determine whether Democrats or Republicans have a majority in the US Senate in 2025 by backing candidates in crucial November races.
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Democratic candidate Yassamin Ansari, supported by more than $1 million in crypto super PAC funds, claimed victory in an Arizona congressional primary.
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The primary between two Democrats in Arizona’s 3rd Congressional District will likely go to a recount, with money from crypto interests involved in the race.
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Defend American Jobs used roughly $600,000 in a media buy for Republican Blake Masters, just one of three Arizona candidates crypto PACs supported in 2024.
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