Arizona Governor Blocks Bill to Hold Bitcoin in State Reserves

Quick Summary:

The Governor of Arizona, Katie Hobbs, has rejected the bill, citing that allow the state to hold BTC as part of its official reserves, eventually killing the hope of making Arizona the first US state to adopt such a policy.

Now, Arizona is on the same list as other states that have failed.

In the past few months, proposals of other states like Oklahoma, Montana, South Dakota, and Wyoming have been impeded or withdrawn.

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Article Details

Author / Journalist: Sharmistha Suman

Category: Crypto

Markets: United Arab EmiratesMali

Topics: Bitcoin Market Updates USA Bitcoin reserve Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-03 @ 12:05:34 (1 days ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 307 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 28336848

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 4 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

Coverage Areas: United Arab Emirates

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