Arizona has innovated in what was a race among the American states to see what could become the first to set up a crypto reserve as an official part of their budgetary strategy, by approving legislation with mainly republican legislators in support.
We do not know if Governor Katie Hobbs, a democrat, will examine favorably the legislation rejected by most Democratic legislators. She opposed her veto to a long list of invoices in this session, and if she also opposed her veto, the question is closed for the year.
If it were approved, the inclusion by Arizona of digital assets in its public investments could even exceed the efforts of the US Treasury Department to do so, which is still awaiting full accounting of American assets before federal officials could move to build the reserve that President Donald Trump asked.
With the House of Representatives of Arizona which adopted the crypto reserve effort during a vote of 31-25 Monday – three Democrats voted in favor – the State exceeded other people by considering similar measures, including New Hampshire, where a bill has adopted its house.
But Hobbs was in a budget dispute with republican legislators.
“Any bill which is not already on my office will be opposed to the veto until we have a serious bipartite financing solution which protects health care for the handicapped Arizonans,” said the governor in a display of April 17 on the social media site X. This may have been resolved with his signature on a bill on disabilities last week.
