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Arizona Governor Katie Hobbs vetoed the digital asset strategic reserve bill.
According to Golden Finance, during the third reading of Senate Bill 1025 (SB1025) in the Arizona House of Representatives on April 28, 31 lawmakers voted in favor, while 25 opposed. Another similar bill, SB1373, passed with 37 votes in favor and 19 against. These approvals bring these bills closer to being signed into law than similar initiatives in any other state in the U.S. However, according to the latest news from the state legislature's website, Governor Katie Hobbs officially vetoed the Digital Asset Strategic Reserve Bill on May 2, preventing it from becoming law.