<ul data-eligibleForWebStory="false"><li>Arizona Governor Katie Hobbs has vetoed House Bill 2324, a proposal to create a state-managed 'Bitcoin and Digital Assets Reserve Fund' from seized crypto, citing concerns about disincentivizing local enforcement collaboration.</li><li>This marks the third time Governor Hobbs has vetoed similar bills, indicating Arizona's reluctance towards embracing cryptocurrencies.</li><li>House Bill 2324 aimed to manage seized cryptocurrencies by creating a reserve fund, with funds divided among the Attorney General's office and newly created reserve fund.</li><li>Governor Hobbs expressed worry about the bill potentially hindering local enforcement cooperation, highlighting the rocky journey of the bill in the legislature and the broader Democratic caution towards crypto investments.</li></ul>

No Bitcoin Reserve: Arizona Governor Vetoes Crypto Reserve Bill For The Third Time

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