Arizona Governor Katie Hobbs has vetoed HB 2324, a bill that aimed to create a Bitcoin and Digital Assets Reserve Fund for managing crypto acquired through criminal forfeiture. This decision comes amid other legislative efforts in the state related to cryptocurrency, including a proposal to expand the definition of legal tender to include digital assets.

Congressman Nick Begich proposes the BITCOIN Act to diversify the U.S. balance sheet by acquiring one million bitcoins over five years. He emphasizes the need for the U.S. to lead in the digital economy and views bitcoin as a strategic reserve asset alongside gold.