Arizona Governor Halts Cryptocurrency Bills, Enacts Stricter ATM Regulations

Arizona Governor Katie Hobbs has taken a measured approach to cryptocurrency regulation, rejecting proposals that could have significantly altered the state’s financial landscape while enacting new rules for crypto ATMs. In a move reflecting her commitment to responsible innovation in the burgeoning sector, she vetoed three bills supporting government-backed digital currency initiatives. Instead, she signed into law a bill establishing tighter controls over crypto ATMs, aimed at curtailing fraudulent activity and promoting transparency.