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Arizona has become the first U.S. state to pass legislation creating a Strategic Bitcoin Reserve, authorizing the state treasury to invest public funds in BTC. The bill now awaits Governor Katie Hobbs’ approval, though her broader veto stance casts uncertainty over its fate.
- Arizona’s bill authorizes the state treasury to allocate public funds to Bitcoin, marking a U.S. first.
- Governor Katie Hobbs’ veto threat over budget disputes adds uncertainty to the bill’s enactment.
- The proposal highlights Bitcoin’s role as an inflation hedge but faces criticism over volatility and regulatory gaps.
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