Katie Hobbs stays on course. The Governor of Arizona has just issued a veto on bill HB 2324, which proposed establishing a Bitcoin reserve managed by the state.
This legislative initiative, adopted by 34 votes to 22 in the House of Representatives, would have allowed the creation of strategic reserves from cryptos confiscated during criminal investigations.
In her letter addressed to House Speaker Steve Montenegro, Hobbs justifies her decision with operational concerns.
She argues that this measure “disincentives local law enforcement from working with the state on digital asset forfeiture“. According to her, removing seized assets from local jurisdictions would harm inter-agency cooperation.