Hobbs Rejects New Attempt to Use Seized Crypto in Arizona - adtechsolutions

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Hobbs Rejects New Attempt to Use Seized Crypto in Arizona


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Governor Katie Hobbs has refused the proposal to allow Arizona to hold Bitcoin

Btc

108.785,24 USD



and other crypto currency
seized During criminal investigations.

The latest account, House Bill 2324He would create a state reserve for digital assets using these seized funds.

In the Veta Message on July 1 To hand over the speaker Steve Montenegro, Hobbs explained that the account was can make a local police less willing to work with a state on cases involving digital property.

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She said it was because the account would take control of those seized funds from local agencies.

The proposal adopted a House of Representatives in Arizona in June, and 34 legislators in favor and 22 contrary. He failed in early May, but later approved in another attempt.

In May, Hobbs veto Two Senate Laws. First, Senate Bill 1025, would have had Some state pension funds and treasury invested up to 10% of their share in Bitcoin.

Second, Senate Bill 1373, would have had enabled the state to seize digital currency instead of turning them into dollars immediately.

Still, Hobbs Signed Bill 2749 house In May, which allows the state to store dishonest digital assets without converting to money.

Meanwhile, the US Securities and Exchange Commission (SEC) has withdrawn 14 proposed rules, including two targeting the cryptocurrency platforms and decentralized finances (Dead). What were these two rules about? Read the whole story.

After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
Aaron quoted more established outlets and was the author himself. Even during her free time, she enjoys exploring market trends and looking for the next Supernova.




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