Arizona Governor Vetoes Digital Asset Reserve Bill

The Arizona House of Representatives took a significant step towards passing bills related to digital asset reserves, but Governor Katie Hobbs ultimately vetoed one of the bills on May 2nd. Senate Bill 1025 (SB1025) previously received support from both chambers, with 31 votes in favor and 25 against, marking it a particularly close vote for similar initiatives across the U.S. However, the latest update from the state legislature indicates Governor Hobbs vetoed this specific bill related to digital assets reserves.