Arizona Governor, Democrat Katie Hobbs vetoing Senate Bill 1025 stated that Arizona’s retirement funds should not be exposed to “untested investments like virtual currency”

Event date

May 2, 2025

Quotes that support claims

"The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments," Hobbs, a Democrat, wrote in a letter explaining her veto. "Arizonans' retirement funds are not the place for the state to try untested investments like virtual currency."

“Today, I vetoed Senate Bill 1025. The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments,” Hobbs wrote in a statement aimed at Warren Petersen, the President of the Arizona Senate. “Arizonans’ retirement funds are not the place for the state to try untested investments like virtual currency,” she added.

Tags

Week 18 of 2025