- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Arizona senator vows to reintroduce Bitcoin reserve bill despite governor’s veto
By: bitcoin ethereum news|2025/05/05 19:15:58
0
Share
Arizona State Senator Wendy Rogers says she will bring back her proposed Strategic Bitcoin Reserve (SBR) bill in the next legislative session. This comes after Governor Katie Hobbs rejected the initial bill, marking the first time a sitting US governor has formally blocked such a crypto initiative. Senator Rogers shared her plans over the weekend, expressing disappointment at the decision. She argued that Bitcoin is no longer a fringe idea but a tested financial innovation. She said: “Politicians don’t understand that Bitcoin doesn’t need Arizona. Arizona needs Bitcoin. I will refile my bill next session.” The SBR bill, officially known as Senate Bill 1025, authorized the state treasurer to allocate some of Arizona’s retirement funds to Bitcoin. The bill passed both chambers of the state legislature without changes but was vetoed by Governor Hobbs, who labeled digital currencies as “untested” and risky for long-term savings. Nonetheless, Rogers appears undeterred by the governor’s opposition to her Bitcoin reserve bill, saying a future governor might support the proposal if Hobbs vetoes her refiled bill during the next session. She said: “If she vetoes it again, I am sure Governor Andy Biggs will be happy to take credit for signing the bill for this already proven (16 years!) innovation that will protect our wealth.” Interestingly, data shared by Bitcoin Laws founder Julian Fahrer shows that the Arizona State Retirement System (ASRS) already has indirect exposure to Bitcoin through holdings in Strategy, the largest corporate holder of the top crypto. What’s next for Arizona? Although SB1025 is off the table for now, Arizona’s involvement in crypto legislation is far from over. Another crypto-related proposal, Senate Bill 1373, is still under consideration. Unlike SB1025, this bill doesn’t involve retirement savings. Instead, it seeks to allow the state to retain and manage cryptocurrencies obtained through seizures or appropriated assets. However, it is unclear if the governor would accede to this bill, considering her opposition to SB1025. Meanwhile, market observers have suggested that SB1373, due to its administrative nature, might have a better chance of securing Governor Hobbs’ approval. Source: https://cryptoslate.com/arizona-senator-vows-to-reintroduce-bitcoin-reserve-bill-despite-governors-veto/
You may also like
Key Market Information Discrepancy on March 2nd - A Must-See! | Alpha Morning Report
1. Top News: Last Night's US-Iran Situation Recap, Iranian High-ranking Officials Killed, Over 200 Ships Stranded in the Strait of Hormuz
2. Token Unlock: $ENA
Iran Missile Strike in Dubai: Three Chinese Nationals Tell Their Story 48 Hours Later
The sound is still in the distance, so the days can still go on.
72 Minutes Before Attack, Six Mysterious Accounts Raked in $1.2 Million
These accounts were all registered in February, with most of them making their first deposit within 24 hours before the attack, and they have no other transaction history. Their behavior closely resembles insider trading.
How to Preserve Life and Wealth in Turbulent Times | Bill It Up Memo
In times of chaos, only through diversified allocation and keen observation can one preserve wealth and life in the face of great changes.
I have given up using OpenClaw
Instead of struggling with expensive and unstable AI assistants, it's better to use Claude to create a more stable, cost-effective, and understanding personal system.
WLFI is involved in insider dealings again? The banking license controversy under a $500 million investment
The UAE's investment in World Liberty Financial has intensified concerns about whether it receives special treatment and whether it involves national security issues.
Morning News | Iranian Supreme Leader Khamenei Assassinated; Kalshi to Refund Fees for "Will Khamenei Step Down" Related Market; Bitcoin Spot ETF Sees Net Inflow of $787 Million This Week
Overview of Important Market Events on March 1
The harvesting tactics of the quantitative giant Jane Street
Quantitative giant Jane Street has been accused of manipulating the liquidity and derivatives of markets such as the Indian stock market and Bitcoin, earning billions of dollars in the process.
Cryptocurrency ETF Weekly | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $787 million; the net inflow for Ethereum spot ETFs in the U.S. was $80.2 million
Top universities like Harvard have started to allocate to Bitcoin ETFs in their endowment funds.
WLFI at it Again? Banking License Controversy Amid $500M Investment
The UAE's investment in World Liberty Financial has heightened concerns over whether it received special treatment and whether national security issues are involved
The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?
Wall Street asset management giant Apollo Global Management invested $160 million in Morpho.
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Key Market Information Discrepancy on March 2nd - A Must-See! | Alpha Morning Report
1. Top News: Last Night's US-Iran Situation Recap, Iranian High-ranking Officials Killed, Over 200 Ships Stranded in the Strait of Hormuz
2. Token Unlock: $ENA
Iran Missile Strike in Dubai: Three Chinese Nationals Tell Their Story 48 Hours Later
The sound is still in the distance, so the days can still go on.
72 Minutes Before Attack, Six Mysterious Accounts Raked in $1.2 Million
These accounts were all registered in February, with most of them making their first deposit within 24 hours before the attack, and they have no other transaction history. Their behavior closely resembles insider trading.
How to Preserve Life and Wealth in Turbulent Times | Bill It Up Memo
In times of chaos, only through diversified allocation and keen observation can one preserve wealth and life in the face of great changes.
I have given up using OpenClaw
Instead of struggling with expensive and unstable AI assistants, it's better to use Claude to create a more stable, cost-effective, and understanding personal system.
WLFI is involved in insider dealings again? The banking license controversy under a $500 million investment
The UAE's investment in World Liberty Financial has intensified concerns about whether it receives special treatment and whether it involves national security issues.
App