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Arizona is close to approving a 
Bitcoin reserve bill, potentially making it the first US state to allow Bitcoin holdings. However, Governor Katie Hobbs has threatened to veto the bill unless bipartisan agreements on other priorities are reached.
What’s the Scoop?
- Legislation Progress: Arizona's legislature is one step away from approving a Bitcoin reserve bill, which would allow the state to invest up to 10% in Bitcoin.
- Veto Threat: Governor Katie Hobbs has stated she will veto the bill unless bipartisan agreements on disability funding materialize.
- National Context: Similar Bitcoin reserve bills have failed in other states, as critics warn against the speculation risks tied to taxpayer funds.
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