Arizona has broken a new land in what has been a career among US states to see what the first to establish a cryptographic reserve as a formal part of its fiscal strategy, obtaining the legislation approved with most Republican legislators in support.
It is not clear if Governor Katie Hobbs, a Democrat, will seek favorably the legislation that was rejected by most Democratic legislators. She has vetoed a long list of invoices in this session, and if you also veto this, the matter is closed for the year.
If it was approved, the inclusion of Arizona’s digital assets in their public fund investments could even exceed the effort of the United States Treasury Department to do so, which is still waiting for a complete accounting of the United States holdings before federal officials can move to build the reserve that President Donald Trump has requested.
Since the Arizona House of Representatives approved the effort of the Crypto Reserve in a 31-25 vote on Monday, three Democrats voted in favor, the State exceeded others considering similar measures, including New Hampshire, where a bill has approved its chamber.
But Hobbs has been in a budget dispute with Republican legislators.
“Any bill that is not yet on my desk will be vetoed until we have a serious and bipartisan financing solution that protects medical care for Arizonans with disabilities,” said the governor in a publication on April 17 at the Social Network Site X. That matter may have been resolved with his signature on a draft law on the financing of disabilities last week.
