#StateSBR News: #Arizona SB 1025 and SB 1373 pass House Third and final vote Bill now passed to Governor Katie Hobbs @katiehobbs for review. The governor has the option to sign the bill into law, veto it, or allow it to become law without her signature. There’s speculation that Governor Hobbs may veto the bill, as she has a history of rejecting crypto-related legislation, such as a 2023 bill on crypto mining taxes, citing financial risks and regulatory concerns. Critics of the bill also highlight Bitcoin’s volatility as a potential risk to taxpayer funds. SB 1025 is public monies; investment; virtual currency SB 1371 is the digital assets strategic reserve fund Potential Outcomes: If Signed: Arizona would become the first U.S. state to officially invest public funds in Bitcoin, allowing the state treasurer and retirement systems to allocate up to 10% of public funds to virtual currencies like Bitcoin. The bill also includes provisions for storing these assets in a secure, segregated account, potentially within a federal Strategic Bitcoin Reserve if one is established.📷📷 If Vetoed: The Arizona legislature could attempt to override the veto, but this requires a two-thirds majority in both chambers, which may be challenging given the partisan divide (previous votes passed along party lines). Alternatively, proponents could revise and reintroduce similar legislation in future sessions.📷 If No Action: If the governor takes no action within five days (excluding Sundays) after receiving the bill, it automatically becomes law.