Summary
- Arizona Governor Katie Hobbs reportedly exercised her veto on a bill to strategically reserve virtual assets that had been seized.
- House Bill 2324 reportedly passed the House with 34 votes in favor and 22 against.
- The governor's veto could be overturned with a two-thirds majority in both the House and Senate, but it is considered unlikely due to some lawmakers maintaining their positions.
Arizona Governor Katie Hobbs exercised her veto power on a bill that would allow for the strategic reserve of seized virtual assets (cryptocurrencies).
According to a report by Cointelegraph on the 2nd (local time), Governor Katie Hobbs vetoed House Bill 2324, which included provisions for the reserve of seized virtual assets.
The bill passed the House with 34 votes in favor and 22 against. The governor's veto can be overridden with a two-thirds majority in both the House and Senate, but unless some lawmakers change their stance, it will likely be difficult to override the veto.
YM Lee
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