Hobbs argues that the law discourages police cooperation by reallocating seized assets.
While some states seek to regulate, others stop adoption, polarizing the national landscape.
The governor of Arizona, Katie Hobbs, stopped dry the creation of a state reserve of Bitcoin (BTC) when vetoing the bill HB2324. The decision, taken on July 1, clashes frontally with the total prohibition of investment in digital assets that, the previous day signed his counterpart in Connecticut, marking a growing division in politics around the pioneering digital currency in the US.
Arizona’s HB2324 bill proposed to create a “digital asset reserve” financed with cryptocurrencies obtained by criminal seizures. I was looking to establish A state fund to manage and store digital assets such as Bitcoin seized by the authorities, with the aim of positioning the western state of the country as a center for innovation.
However, Hobbs argument That, creating a fund with Bitcoin and other digital assets confiscated to criminals, would dissuade local agencies to collaborate with the State by removing the seized funds.
With this movement, the governor reiterates her opposition, vending for the third time a similar proposal during this legislative period and prioritizing police cooperation on the accumulation of Bitcoin.
This decision coincides with the recent prohibition in Connecticut, where Governor Ned Lamont signed Law HB 7082, effective since yesterday, which prohibits state agencies investing or accepting digital assets as payment.
Both decisions They underline the growing partisan gap on digital currencies that exists in the United States.
While the Democrats, such as Hobbs and Lamont, advocate a stricter regulation to protect the consumer, republican figures drive greater adoption. This approach contrasts with the executive order of President Donald Trump, who created a Bitcoin Federal Reserve with confiscated assets, as Cryptonoticia reported in March.
Despite the veto, Hobbs does not close the door to digital assets. This is because the governor signed in May the HB 2749 Law, authorizing the creation of the First Reserve of Cryptocurrencies of the State. This legislation allows non -claimed digital assets, Airdrops and Staking Rewards to be allocated to a special fund, although it does not authorize direct investments.
At the state level, 70% of the United States have proposed reserves of digital assets and laws related to Bitcoin. However, Arizona’s veto and Connecticut prohibition They could limit innovation on cryptoactive in the country if their actions become a trend.
