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Arizona Governor Slams Bitcoin as ‘Untested Bet,’ Kills Crypto Reserve Proposal

Arizona Governor Slams Bitcoin as ‘Untested Bet,’ Kills Crypto Reserve Proposal

Coindesk
Author:
Coindesk
Release Time:
2025-05-03 16:01:01
0

Arizona Governor Calls Crypto an ‘Untested Investment,’ Vetoes Bitcoin Reserve Bill

Arizona’s governor just threw cold water on crypto’s institutional ambitions—vetoing a bill that would’ve let the state hold Bitcoin in its treasury. Another win for bureaucrats who think ‘volatility’ is a dirty word.

Meanwhile, Wall Street still can’t decide if Bitcoin is a hedge or a hazard—but hey, at least their fees are predictable.

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