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Arizona’s Governor Katie Hobbs, on May 3, 2025 vetoed Bill 1025 which proposed allowing the state treasurer and retirement systems to invest up to 10% of public funds in cryptocurrencies such as Bitcoin citing concerns over the use of public funds for “untested assets”
Arizona Governor Katie Hobbs signed Bill 2749 establishing Digital assets reserve fund from unclaimed digital assets
Arizona Becomes Second US State to Establish Bitcoin Reserve Fund after New Hamsphire on May 6, 2025

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