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.

Arizona Governor Katie Hobbs has vetoed a bill that aimed to promote the use of Bitcoin in the state. The decision has sparked reactions from the Bitcoin community, highlighting differing perspectives on cryptocurrency regulation and adoption in Arizona.