Bitcoiners blast Arizona governor’s ‘ignorance’ after Bitcoin reserve bill veto

Quick Summary:

Crypto lawyer Andrew Gordon said, “We need more elected officials who understand that Bitcoin and crypto are the future.”Source: Julian FahrerWendy Rogers, who co-sponsored the bill with State Representative Jeff Weninger, also voiced her disappointment.“Politicians don’t understand that Bitcoin doesn’t need Arizona.

Bitcoiners and US government officials have criticized Arizona Governor Katie Hobbs’s decision to veto a bill that would have allowed the state to hold Bitcoin as part of its official reserves.“This will age poorly,” Casa co-founder and cypherpunk Jameson Lopp said in a May 3 X post.

On May 2, Hobbs vetoed the Arizona Strategic Bitcoin Reserve Act, which would have permitted Arizona to invest seized funds into Bitcoin and create a reserve managed by state officials.“Today, I vetoed Senate Bill 1025.

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Cointelegraph by Ciaran Lyons

Category: Crypto

Markets: United States

Topics: Reserve Bitcoin Rogers Officials Arizona Hobbs Crypto Need Bill Strategic State

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-04 @ 07:04:10 (20 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 357 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 21 words per sentence (average)

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

Copyright Owner: © Coin Telegraph

News ID: 28349471

View Article Analysis

About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

Frequently Asked Questions