Close Menu
Crypto Junction
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
What's Hot

EVAA: TON’s $1.4B DeFi Protocol Becomes Community-Owned DAO With $EVAA Token

October 15, 2025

Pardon for Binance CEO CZ? Trump’s Move Stuns Markets

October 14, 2025

China Tariff News Triggers Crypto Crash — Bitcoin Hits $102K!

October 14, 2025
Facebook X (Twitter) Instagram
  • Altcoin News
  • Bitcoin News
  • Dogecoin News
  • Ethereum News
  • Litecoin News
  • Meme Coin News
  • Solana News
  • XRP News
X (Twitter) Telegram
Crypto JunctionCrypto Junction
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
Crypto Junction
Home » Bitcoin Reserve Bill Vetoed by Arizona Governor
Regulation

Bitcoin Reserve Bill Vetoed by Arizona Governor

Alice MonroeBy Alice MonroeMay 11, 20253 Mins Read
Share Facebook Twitter Pinterest Reddit Telegram Email Bluesky Copy Link
Bitcoin News Bitcoin Reserve Bill Vetoed by Arizona Governor
Share
Twitter Facebook Telegram Bluesky Pinterest Email Reddit Copy Link

Bitcoin Reserve Bill Faces Setback in Arizona

Arizona’s ambitious plan to establish a Bitcoin reserve encountered a significant hurdle when Governor Katie Hobbs vetoed Senate Bill 1025. The bill, known as the “Arizona Strategic Bitcoin Reserve Act,” aimed to allow public funds, including the State Treasurer and retirement systems, to invest up to 10% of their assets in digital currencies like Bitcoin. Despite bipartisan support in the legislature, the governor’s decision underscores a cautious approach to integrating cryptocurrencies into public finance.

Governor’s Concerns Over Investment Risks

Governor Hobbs justified her veto by labelling cryptocurrencies as “untested investments.” She emphasised the need to protect the Arizona State Retirement System (ASRS) from potential financial instability. In her statement, she asserted that Arizonans’ retirement funds should not be exposed to the volatility associated with virtual currencies. This stance aligns Arizona with other states that have rejected similar initiatives, reflecting a broader skepticism about the role of digital assets in public funds.

See also  Bitcoin Falls $120—Is the Market Losing Interest?

Bitcoin Reserve Bill’s Provisions and Objectives

The Bitcoin Reserve Bill proposed several key measures:

  • Investment Authorisation: Delegation of public funds may invest up to 10% of their assets in virtual currencies.
  • Strategic Reserve Fund: Designation of a Digital Assets Strategic Reserve Fund for the management and storage of seized cryptocurrency assets.
  • Federal Integration – Allowing for the storage of virtual currencies in a segregated account within any potential federal strategic Bitcoin reserve, should one be created.

Such regulations would make Arizona a leading contender in digital asset laws, and that would lead to more innovation and money coming to the state, they said. Bitcoin was seen as a hedge against inflation and a way to diversify public assets.

Bitcoin Reserve Bill’s National Implications

Arizona’s efforts are part of a bigger trend taking place around the country. States such as North Carolina and New Hampshire have already passed legislation allowing limited investment in crypto assets. Senator Cynthia Lummis introduced the BITCOIN Act to establish a national strategic Bitcoin reserve through optimized investments nationwide.
The legislation would require states to acquire up to 1 million Bitcoins over a certain time frame, much like the U. S. gold reserves.

See also  Bitcoin Worth $72 Million Stolen in Major Hack of Bitfinex Exchange

Despite these initiatives, many policymakers reject the idea of using cryptocurrencies as a public financing mechanism. Proponents fear their use could be volatile, carry no intrinsic value and allow hackers to access their unique fingerprints. Governor Hobbs’ veto shows that fear. He may encourage other states considering similar legislation.

Arizona Governor Bitcoin Bitcoin Reserve Bill Senator Cynthia Lummis
Share. Twitter Facebook Telegram Email Bluesky Reddit Copy Link
Previous ArticleMetaPlanet Issues $21M Bonds for Bitcoin
Next Article Solana Validators Fix Token Privacy Bug
Alice Monroe
Alice Monroe

Alice Monroe is an Associate Writer at Crypto Junction, covering crypto trends, token marketing, and emerging blockchain projects with a focus on real market insights.

Related Posts

BNB

Pardon for Binance CEO CZ? Trump’s Move Stuns Markets

October 14, 2025
Markets

China Tariff News Triggers Crypto Crash — Bitcoin Hits $102K!

October 14, 2025
News

Roger Ver Faces $48M Reckoning—Will Bitcoin Jesus Escape Jail?

October 14, 2025
– Advertisement –
Trending Posts
News

Bull Run Unlocked: Bitcoin ETFs Awaken Massive BTC And Ether

August 15, 2025
Investments

FTX Creditors Reclaim $5B in Assets

June 15, 2025
Guides

Email Security Secrets Every Crypto Trader Should Know

September 12, 2025

Crypto Junction, founded in 2014, is one of the original and most trusted sources for cryptocurrency news and blockchain insights. We provide accurate, unbiased, and timely coverage of digital assets, market trends, and industry developments.

All content on Crypto Junction is for informational and educational purposes only and should not be considered financial, investment, or legal advice. Cryptocurrency investments are highly volatile and carry risks. Always conduct your own research before making financial decisions.

We're social. Connect with us:

X (Twitter) Telegram
Top Insights

EVAA: TON’s $1.4B DeFi Protocol Becomes Community-Owned DAO With $EVAA Token

October 15, 2025

Pardon for Binance CEO CZ? Trump’s Move Stuns Markets

October 14, 2025

China Tariff News Triggers Crypto Crash — Bitcoin Hits $102K!

October 14, 2025
ABOUT
  • About Us
  • Cookie Policy
  • Editorial Policy
  • Investment Disclaimer
  • Press and Media Kit
  • Terms of Service
  • Affiliate Disclosure
  • Contact Us
  • Crypto Marketing
  • Daily Digest News
Telegram X (Twitter)
  • Altcoin News
  • Bitcoin News
  • Dogecoin News
  • Ethereum News
  • Litecoin News
  • Meme Coin News
  • Solana News
  • XRP News
© 2025 Crypto Junction

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 111,854.97
ethereum
Ethereum (ETH) $ 4,001.80
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 1,091.08
xrp
XRP (XRP) $ 2.48
solana
Solana (SOL) $ 194.12
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,996.05
tron
TRON (TRX) $ 0.324075
dogecoin
Dogecoin (DOGE) $ 0.201236
cardano
Cardano (ADA) $ 0.666594
wrapped-steth
Wrapped stETH (WSTETH) $ 4,864.76
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 111,804.96
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 4,314.38
figure-heloc
Figure Heloc (FIGR_HELOC) $ 0.991957
chainlink
Chainlink (LINK) $ 18.19
ethena-usde
Ethena USDe (USDE) $ 0.999875
wrapped-eeth
Wrapped eETH (WEETH) $ 4,310.04
stellar
Stellar (XLM) $ 0.326794
hyperliquid
Hyperliquid (HYPE) $ 36.99
bitcoin-cash
Bitcoin Cash (BCH) $ 497.89
sui
Sui (SUI) $ 2.61
usds
USDS (USDS) $ 1.00
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
avalanche-2
Avalanche (AVAX) $ 20.43
weth
WETH (WETH) $ 3,997.22
leo-token
LEO Token (LEO) $ 8.97
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 111,742.94
hedera-hashgraph
Hedera (HBAR) $ 0.177242
litecoin
Litecoin (LTC) $ 96.07
usdt0
USDT0 (USDT0) $ 1.00
shiba-inu
Shiba Inu (SHIB) $ 0.00001
whitebit
WhiteBIT Coin (WBT) $ 42.04
monero
Monero (XMR) $ 313.64
mantle
Mantle (MNT) $ 1.75
the-open-network
Toncoin (TON) $ 2.24
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.20
crypto-com-chain
Cronos (CRO) $ 0.149144
polkadot
Polkadot (DOT) $ 3.13
dai
Dai (DAI) $ 1.00
zcash
Zcash (ZEC) $ 279.82
uniswap
Uniswap (UNI) $ 6.52
bittensor
Bittensor (TAO) $ 406.71
world-liberty-financial
World Liberty Financial (WLFI) $ 0.132674
memecore
MemeCore (M) $ 2.08
aave
Aave (AAVE) $ 230.29
okb
OKB (OKB) $ 165.98
susds
sUSDS (SUSDS) $ 1.07
bitget-token
Bitget Token (BGB) $ 4.66
ethena
Ethena (ENA) $ 0.454695
pepe
Pepe (PEPE) $ 0.000007
near
NEAR Protocol (NEAR) $ 2.31
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 240.25
paypal-usd
PayPal USD (PYUSD) $ 0.999754
usd1-wlfi
USD1 (USD1) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 16.30
c1usd
Currency One USD (C1USD) $ 0.997538
binance-peg-weth
Binance-Peg WETH (WETH) $ 4,003.17
ondo-finance
Ondo (ONDO) $ 0.760307
aptos
Aptos (APT) $ 3.32
aster-2
Aster (ASTER) $ 1.13
falcon-finance
Falcon USD (USDF) $ 0.995283
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 5.51
tether-gold
Tether Gold (XAUT) $ 4,125.11
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.200709
worldcoin-wld
Worldcoin (WLD) $ 0.936818
hash-2
Provenance Blockchain (HASH) $ 0.03752
htx-dao
HTX DAO (HTX) $ 0.000002
gatechain-token
Gate (GT) $ 15.87
usdtb
USDtb (USDTB) $ 1.00
story-2
Story (IP) $ 5.63
arbitrum
Arbitrum (ARB) $ 0.327636
rocket-pool-eth
Rocket Pool ETH (RETH) $ 4,572.18
kucoin-shares
KuCoin (KCS) $ 13.67
internet-computer
Internet Computer (ICP) $ 3.20
binance-staked-sol
Binance Staked SOL (BNSOL) $ 209.14
pi-network
Pi Network (PI) $ 0.205974
algorand
Algorand (ALGO) $ 0.189062
cosmos
Cosmos Hub (ATOM) $ 3.30
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 4,220.34
vechain
VeChain (VET) $ 0.017868
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 4,218.86
chainopera-ai
ChainOpera AI (COAI) $ 8.04
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.02289
kaspa
Kaspa (KAS) $ 0.053675
pump-fun
Pump.fun (PUMP) $ 0.004045
liquid-staked-ethereum
Liquid Staked ETH (LSETH) $ 4,266.55
sky
Sky (SKY) $ 0.060543
kinetic-staked-hype
Kinetiq Staked HYPE (KHYPE) $ 37.10
wbnb
Wrapped BNB (WBNB) $ 1,090.93
flare-networks
Flare (FLR) $ 0.01798
pax-gold
PAX Gold (PAXG) $ 4,123.69
render-token
Render (RENDER) $ 2.62
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 112,090.03
bfusd
BFUSD (BFUSD) $ 1.00
syrupusdc
Syrup USDC (SYRUPUSDC) $ 1.13
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 4,242.19
sei-network
Sei (SEI) $ 0.200173
official-trump
Official Trump (TRUMP) $ 6.05