Tag: arizona

Arizona's Bitcoin U-Turn: Reserve Fund Approved, Crypto Bill Vetoed

Arizona's Bitcoin U-Turn: Reserve Fund Approved, Crypto Bill Vetoed

Arizona, though, has taken an unexpected two-pronged approach to crypto. This indicates a nuanced but overall favorable view toward the integration of digital assets into the state’s fiscal ecosystem. In quick succession, Governor Katie Hobbs made headlines when she signed House Bill 2749 into law creating a state-managed Bitcoin and...

Hobbs' Bitcoin Gamble Is Arizona Ready for the Crypto Rollercoaster?

Hobbs' Bitcoin Gamble Is Arizona Ready for the Crypto Rollercoaster?

Arizona’s Governor Katie Hobbs recently signed House Bill 2749, establishing a state-run Bitcoin and Digital Assets Reserve Fund. On the face of it, that seems pretty both creative and cutting-edge. Is it really a move toward positive financial innovation, or a foolhardy risk taken with taxpayer dollars? Perhaps most crucially,...