<ul data-eligibleForWebStory="false"><li>Arizona Governor Katie Hobbs has vetoed a bill, House Bill 2324, that would have allowed the state to hold confiscated cryptocurrency in a fund.</li><li>The bill was approved by the House of Representatives but vetoed by the governor, citing concerns about untested investments in cryptocurrencies.</li><li>The proposed 'Bitcoin and Digital Assets Reserve Fund' would have overseen seized digital assets, with allocations to the attorney general's office, the state general fund, and the new reserve fund.</li><li>The veto could be overridden by a two-thirds majority in both houses of Congress, which currently seems unlikely. Governor Hobbs has also vetoed other cryptocurrency-related bills in the past.</li></ul>

Arizona Governor Vetoes Bill to Create State Crypto Reserve Fund

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