Arizona Governor Katie Hobbs has vetoed two cryptocurrency bills, citing the volatile nature of the crypto market. This follows her approval of a bill establishing a tax-free fund for abandoned Bitcoin and other cryptocurrencies last week. The governor also signed a bill requiring stricter rules for cryptocurrency kiosk providers on the same day. Governor Hobbs rejected one of the bills, Senate Bill 1373, which sought to create a strategic reserve fund from seized crypto assets, as well as SB 1024, which would have allowed state agencies to accept cryptocurrency payments for fines and penalties. In her statement, Governor Hobbs argued that these bills pose too much risk due to the current volatility of cryptocurrencies. This decision follows a previous veto where Governor Hobbs rejected SB 1025, a bill that would have allowed the state treasury and pension systems to invest up to 10% of their funds in crypto assets. Governor Hobbs’ actions highlight the increasing regulatory scrutiny surrounding cryptocurrency within the US.