Arizona Governor Blocks Bill to Hold Bitcoin in State Reserves

By: cryptosheadlines|2025/05/04 06:30:01

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 The Digital Assets Strategic Reserve bill, which allowed the state to hold BTC as part of its official reserves, was rejected. The Governor mentioned that she would reject any legislation not linked to a bipartisan agreement on disability funding. The Governor of Arizona, Katie Hobbs, has rejected the bill, citing that allow the state to hold BTC as part of its official reserves, eventually killing the hope of making Arizona the first US state to adopt such a policy. The Digital Assets Strategic Reserve bill was the door to permit Arizona to invest seized funds into BTC and make a reserve managed by state officials, but it was rejected on May 2, as per the update on the Arizona State Legislature website. The Governor stated that I rejected Senate Bill 1025. And, the Arizona State Retirement System is a strong body in the country as it makes good and informed investments. The retirement funds of Arizona are not the place for the state to try untested investments such as digital assets. Not long ago, the bill passed the final vote in the state House with 31 in favor and 25 in opposition. Hobbs has so far mentioned that she would reject any legislation not linked with a bipartisan agreement on disability funding. Crypto Reserve Effort Stalls in Arizona After VetoAnother bill, known as SB1373, authorizes the state treasurer to allot around 10% of the state’s rainy day fund into virtual assets such as BTC, has not reached its final destination yet. Now, Arizona is on the same list as other states that have failed. In the past few months, proposals of other states like Oklahoma, Montana, South Dakota, and Wyoming have been impeded or withdrawn. On the other hand, the Digital Assets Investment Act of North Carolina was passed on April 30. As a result, the state treasurer can invest around 5% of some funds in approved cryptocurrencies. Now the bill is in the state Senate for consideration. The efforts of different states to make Bitcoin reserves are clearly due to a push from newly elected President Donald Trump and other Republican policymakers. Highlighted Crypto News Today: Apple Loses Court Fight, Must Allow External Payment LinksshareSource link

A Polymarket user supported nearly half of Trade.xyz's "active addresses" with 34,000 wallets, yet contributed less than 1% of the trading volume. The real support for the market comes from market-making institutions like Jump, Selini, and Wintermute, as well as a group of directional traders crossi...

Binance quietly placed a bet on a leading large model company

In the past year, YZi Labs has significantly accelerated its investments in the AI field, from educational agents to physical robots, and then to large models, with crypto capital and AI technology rapidly integrating.

Best Crypto Discord Server 2026: Why Jacob’s Crypto Clan Is Gaining Massive Attention

Jacob’s Crypto Clan has grown into one of the most active crypto Discord communities, with over 45K members and continuing to expand. This rapid growth reflects strong demand for structured trading insights and real-time collaboration.

Tom Lee Buying ETH: Why Wall Street’s Loudest Ethereum Bull Keeps Doubling Down

Tom Lee keeps buying ETH through every dip, every drawdown, and every moment of market doubt. Inside the strategy that's turning Ethereum into a treasury asset — and what it signals for the rest of the market.

Stripe Sessions 2026: AI Agent, Global Payments, and Invisible Crypto Infrastructure

Stablecoins have finally begun to enter the real business world, but this time, the main character may not be exchanges, wallets, or public chains, but Stripe. It encapsulates KYC, wallets, gas, compliance, and settlement, allowing businesses to access on-chain assets just like using regular payment...

Where will South Korea's cryptocurrency taxation head?

There is little time left before South Korea implements cryptocurrency taxation, but the current tax laws only cover simple spot and currency-to-currency transactions. Driven by the international tax information exchange standard (CARF), South Korea is comprehensively building an intelligence analys...

Legendary investor Naval: Apple is dead, SaaS will follow suit, and entrepreneurs have 18 months to reshape their moats

"You can continue to hold Apple stock. Just don't expect that what you hold is stock in a growth company."

Morning Report | Visa includes Polygon in its global stablecoin settlement program; MoonPay invests $100 million to acquire security company Sodot; Digital wallet platform Belo completes $14 million Series A financing

Overview of Important Market Events on April 29

Full text of the Federal Reserve's decision: Holding steady for the third consecutive time but increasing divisions

The Federal Reserve has kept interest rates unchanged for the third consecutive time, but there were internal voting disagreements, with one official advocating for a rate cut while three others opposed signaling easing. The situation in the Middle East and fluctuations in energy prices further ampl...