Arizona’s Crypto Reserve Bill Advances, Faces Veto Threat Despite House Approval

Arizona’s SB 1373 crypto reserve bill continues its progress towards becoming law, advancing through the House Committee of the Whole after clearing a key hurdle. The legislation now awaits final passage in the House before potentially reaching Governor Katie Hobbs’ desk for her review. While garnering support from lawmakers and raising interest in incorporating digital assets into Arizona’s financial system, the bill faces an uphill battle due to Governor Hobbs’ potential veto threats stemming from her commitment to pass legislation supporting disability services.