The Governor of Arizona called the crypto an ‘unsted investment,’ noticeably Bitcoin Reserve Bill

Arizona is not investor in Bitcoin (BTC), at least this year.

Governor Katie Hobbs posted a bill on Friday that would allow the state to hold the digital asset as part of its official reserve.

The law, known as Senate Bill 1025, has been proposed using the seized funds to invest in BTC and created a state -managed digital assets managed by the state. After the state house was passed on to a narrow 31-25 vote, the bill reached the Hobbs desk, where it was quickly struck.

“The Arizona State Retirement system is one of the most powerful in the country because investments make it sound and knowledgeable. statement.

The veto ends a push that can make arizona The first state set up a cryptocurrency reserve, and it could even release the US Treasury department by doing so.

Read more: As a state approaches a crypto reserve, others jump on the fray