Arizona Democrat, Katie Hobbs once again opposed her veto to a Pro-Bitcoin bill. The state could have created a public reserve from entered cryptos, as Texas or New Hampshire already do.
In short
- Governor Katie Hobbs opposes a third veto to a pro-bitcoin law in Arizona.
- The HB 2324 project proposed to create a Bitcoin State reserve from entered cryptos.
- Hobbs invokes the risks of volatility and the impact on local police.
Arizona once again rejects the Bitcoin reserve project
Katie Hobbs does not deviate from her trajectory. The governor of Arizona has just opposed her veto to the HB 2324 bill, which proposed to establish a Bitcoin reserve managed by the State.
This parliamentary initiative, adopted by 34 votes to 22 in the House of Representatives, would have made it possible to constitute strategic reservations from cryptos confiscated during criminal surveys.
In her Letter addressed to the President From the Steve Montenegro Chamber, Hobbs justifies its decision by operational concerns.
She argues that this measure ” dissuades local police from working with the state on the confiscation of digital assets ». According to her, withdrawing the assets seized from local courts would harm inter-agencies cooperation.
This rejection is part of a series of repeated vetos. Hobbs had already blocked in May two Senate bills authorizing state treasurers and retirement systems to allocate up to 10 % of their Bitcoin funds.
She also refused a proposal allowing public agencies to accept payments in cryptos for fines and taxes.
Volatility remains its main argument. “” Current volatility in cryptocurrency markets is not a prudent choice for public funds “, She had written during her previous vetos.
This position contrasts with the approach of other states such as Texas and New Hampshire, which have already adopted Bitcoin strategic reserves.
Between government prudence and political realities
The attitude of Hobbs reflects the dilemmas faced by elected officials confronted with financial innovations.
Pranav Agarwal, director of Jetking Infotrain India, the first company listed in India to have Bitcoin, analyzes this posture with pragmatism.
“” For a public position like that of governor, Hobbs must adopt a fiduciary monetary position “, he explains to Decrypt.
This political prudence finds its limits in the apparent contradictions of the Hobbs administration.
The governor paradoxically signed the HB 2749 bill in May, authorizing the State to preserve the non -claimed cryptos in their native form rather than converting them into species. This decision suggests a nuanced approach rather than a systematic rejection.
The irony of the situation lies in the fact that in June 2025, Arizona had already adopted a law creating a crypto fund powered by seized criminal assets.
This legislation, validated at the time, established a “bitcoin and digital assets reserve fund” with sophisticated distribution mechanisms: 50 % of the gains for the anti-racket fund, 25 % for the general budget and 25 % for the Crypto reserve.
The future prospects remain open according to analysts.
A future governor could have the opposite point of view. In the long term, this does not change the prospects of the state to accept the crypto or to be considered favorable to the crypto.
Agarwal
This analysis recalls that the political positions on cryptos evolve quickly, particularly in a changing electoral context.
In short, by once again rejecting a pro-cockin project, Arizona isolates itself from an increasing wave of institutional adoption. But nothing is frozen: in the country of Trump and innovation, only one election is sometimes enough to upset an entire economic doctrine. Bitcoin did not say its last word in the Arizona desert.
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