Arizona governor vetoes the state's Strategic Bitcoin Reserve bill SB 1025

TechFlow news, May 3 — According to official documents from the state of Arizona, Governor Katie Hobbs has vetoed Senate Bill 1025 (SB 1025), which would have allowed public funds to be invested in virtual currency. In her veto statement, Hobbs said that Arizona’s retirement system is one of the strongest in the nation, thanks to its prudent and sound investment strategy. She emphasized that public retirement funds are not appropriate vehicles for experimental investments such as virtual currency.