US EditionArizona governor vetoes crypto bills, approves bitcoin ATM regulation - TECHTELEGRAPH
- In May 2025, Governor Katie Hobbs rejected a pair of legislative proposals involving cryptocurrency, expressing concerns about the financial risks of integrating digital assets into state government operations.
- Hobbs cited ongoing market volatility and financial risks linking digital assets directly with state financial operations as reasons for her vetoes.
- While vetoing Senate Bills 1024 and 1373, which would have allowed crypto payments and a digital asset reserve fund, Hobbs signed House Bill 2749 to create a budget-neutral Bitcoin and Digital Assets Reserve Fund.
- House Bill 2387, also signed by Hobbs, enforces consumer protections on cryptocurrency kiosks, such as fraud warnings, $2,000 daily caps for new users, and mandatory 24/7 customer support.
- Hobbs' actions reflect a cautious regulatory stance that supports protective oversight while restricting broader crypto adoption in Arizona's public financial mechanisms amid persistent market instability.
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11 Articles
Qubetics, Solana, and BNB Are Emerging as the Top Coins to Join Today After Arizona’s Crypto Shift
Could a single policy decision mark a major turning point in how blockchain innovation takes root across the United States? Arizona Governor Katie Hobbs has made headlines by vetoing two high-profile cryptocurrency bills—one that proposed creating a state Bitcoin reserve and another aimed at expanding broader crypto adoption. However, what stood out was her approval of a Bitcoin ATM law that prioritizes consumer protection. This dual stance sign…
Arizona governor vetoes crypto bills, approves bitcoin ATM regulation - TECHTELEGRAPH
Payments Photo: Adobe Stock May 14, 2025 Arizona recently proposed multiple cryptocurrency bills, which were all vetoed by Arizona Governor Katie Hobbs. She also approved a bill to regulate bitcoin ATMs by requiring multilingual warnings about scams and putting a cap of $2,000 a day for new customers and $10,500 per day for returning customers, according to a report by Coin Telegraph. The bills vetoed included: Senate Bill 1373 to create a Digi…
Arizona Governor Katie Hobbs Vetoes Crypto Bills, Tightens ATM Regulations to Protect Consumers
The Governor of Arizona, Katie Hobbs, vetoed two cryptocurrency-related bills because of concerns about market volatility, while approving a law to regulate cryptocurrency vending machines, setting limits on transactions and demanding protection against fraud. L'article The crypto braked in Arizona: Hobbs strengthens the rules and opposes its veto appeared first on Cointribune.
Arizona Governor vetoes Bitcoin Reservbills, approves crypto ATM law
Arizona Governor vetoes Bitcoin Reservbills, approves crypto ATM law May 14, 2025 https://cryptotvplus.com/2025/05/arizona-governor-vetoes-bitcoin-reservbills-approves-crypto-atm-law/On May 12, 2025, Arizona Governor Katie Hobbs rejected two crypto bills, effectively halting the state’s efforts to expand its role in digital assets. If passed, Senate Bill 1373 would have allowed Arizona to create a Digital Assets Strategic Reserve Fund, which wou…
Arizona Governor Hobbs Rejects Two Crypto Bills, Cites Risk Concerns
Arizona Governor Katie Hobbs has vetoed two cryptocurrency-related bills passed by the state legislature, citing concerns over the financial risks involved in integrating digital assets with state operations. The decision reflects the governor’s cautious approach to digital assets despite growing legislative interest in crypto initiatives. Both measures would have expanded the role of cryptocurrency within state financial mechanisms, but were ul…
Arizona Governor Shuts Down Crypto Bills—But One Quietly Gets Through
Arizona Governor Katie Hobbs vetoed two cryptocurrency-related bills, citing financial risk and market volatility. The governor blocked Senate Bill 1373, which aimed to create a reserve fund from seized crypto assets. Senate Bill 1024, which would have allowed state agencies to accept crypto payments for fines, was also rejected. Arizona Governor Katie Hobbs vetoed two cryptocurrency-related bills this week, citing high risk and instability in t…
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