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Arizona edges closer to crypto treasury, but governor threatens veto over budget dispute – TON BOT

Arizona edges closer to crypto treasury, but governor threatens veto over budget dispute

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Arizona is close to becoming the first US state to hold Bitcoin and other digital assets in its Treasury with Senate Bill 1373. Governor Katie Hobbs’ standoff could derail the effort. A companion bill, Senate Bill 1025, would allow investment of state funds in Bitcoin. Hobbs threatens to veto until a funding shortfall is addressed. Other states have had similar failed attempts, but momentum is growing. Proponents argue it could offer a hedge against inflation while critics warn of risks. Arizona’s final vote on SB1307 is imminent.

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