Arizona Governor Katie Hobbs stopped creating state preparations for Bitcoin (BTC) when he rejected bill HB2324. The decision, made on July 1, coincides with a complete ban on investment in digital assets that the previous day signed to his counterpart in Connecticut, marking the growing sector of politics around the pioneering US digital currency. uu.
The Arizona HB2324 bill proposed creating a “digital asset preparation” funded with cryptocurrency obtained from a criminal attack. I was trying to establish State funds for managing and storing digital assets such as Shitized With the aim of positioning the western part of the country as a centre of innovation by authorities.
However, Hobbs argued that creating funds with bitcoin and other digital assets confiscated by criminals would make it clear that local agencies will work with the state by withdrawing seized funds.
With this movement, the governor repeatedly opposed her, selling a third similar proposal during this legislative period, Prioritizing police cooperation on accumulation of Bitcoin.
The recent ban in Connecticut, which Gov. Ned Lamont signed the law HB 7082, which has been in effect since yesterday, prohibits state agencies from investing or accepting digital assets as payments.
Both decisions They highlight the growing partisan gap in digital currency It exists in the United States.
Democrats like Hobbs and Lamont have advocated for stricter regulations to protect consumers, but Republican figures are driving greater adoption. This approach is in contrast to President Donald Trump’s executive order, which created the Bitcoin Federal Reserve with forfeiture assets, as reported by Cryptonoticia in March.
Despite its refusal, Hobbs does not close the door to digital assets. This is because the governor signed the HB 2749 law in May to approve the creation of the first reserve for the nation’s cryptocurrency. This law does not allow direct investments, but allows unclaimed digital assets, airdrops and staking fees to be allocated to special funds.
At the state level, 70% of the US propose digital assets and legal reserves related to Bitcoin. But Arizona’s veto and Connecticut ban If their actions become trending, they can limit the country’s cryptoactive innovation.
