{"id":35547,"date":"2025-05-13T13:37:54","date_gmt":"2025-05-13T13:37:54","guid":{"rendered":"https:\/\/onequity.com\/arizona-governor-vetoes-two-crypto-bills-greenlights-bitcoin-atm-regulation\/"},"modified":"2026-02-12T11:54:53","modified_gmt":"2026-02-12T11:54:53","slug":"arizona-governor-vetoes-two-crypto-bills-greenlights-bitcoin-atm-regulation","status":"publish","type":"post","link":"https:\/\/insights.onequity.com\/es\/arizona-governor-vetoes-two-crypto-bills-greenlights-bitcoin-atm-regulation\/","title":{"rendered":"Arizona Governor Vetoes Two Crypto Bills, Greenlights Bitcoin ATM Regulation"},"content":{"rendered":"\n<p>Arizona Governor Katie Hobbs on Monday vetoed two cryptocurrency-related bills\u2014SB1373 and SB1024\u2014while signing into law a separate measure regulating Bitcoin ATMs across the state.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Vetoed: Crypto Reserve Fund and Payments Bill<\/strong><\/h2>\n\n\n\n<p>Arizona Governor Katie Hobbs on Monday vetoed two cryptocurrency-related bills\u2014<strong>SB1373<\/strong> and <strong>SB1024<\/strong>\u2014while signing into law a separate measure that regulates Bitcoin ATMs throughout the state.<\/p>\n\n\n\n<p><strong>SB1373<\/strong>, introduced in February, aimed to establish a <em>Digital Assets Strategic Reserve Fund<\/em>, which would have allowed the state to manage and invest in digital assets obtained through seizures or legislative appropriations. The proposal would have permitted the state treasurer to invest up to 10% of the fund\u2019s deposits annually.<\/p>\n\n\n\n<p>In her veto message to Senate President Warren Petersen, Hobbs cited the <strong>volatility of cryptocurrency markets<\/strong> as a primary concern. She also referenced the earlier passage of <strong>HB2749<\/strong>, a budget-neutral bill she signed on May 7, which enables the state to create a reserve for digital assets obtained via airdrops, staking rewards, and interest\u2014without putting taxpayer money at risk.<\/p>\n\n\n\n<p>Dennis Porter, CEO of the <strong>Satoshi Action Fund<\/strong>, previously stated that Hobbs favored HB2749 over other crypto proposals due to its <strong>fiscal neutrality<\/strong>.<\/p>\n\n\n\n<p>Hobbs also vetoed <strong>SB1024<\/strong>, which would have allowed state agencies to accept cryptocurrency payments for <strong>taxes, fines, fees, rent, and penalties<\/strong>. In her veto message, she acknowledged that the bill included <strong>risk mitigation measures<\/strong>, but emphasized that it still introduced <strong>too much financial uncertainty<\/strong>.<\/p>\n\n\n\n<p>These actions follow her earlier veto of <strong>SB1025<\/strong>, which proposed allowing up to 10% of state treasury and pension funds to be invested in crypto assets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Approved: Consumer Protections for Bitcoin ATMs<\/strong><\/h2>\n\n\n\n<p>Despite rejecting several crypto investment proposals, Hobbs signed <strong>HB2387<\/strong>, a measure that establishes <strong>consumer protection regulations for cryptocurrency kiosks<\/strong> (Bitcoin ATMs) across Arizona.<\/p>\n\n\n\n<p>Under the new law, operators must:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Provide fraud warnings and detailed transaction receipts<\/li>\n\n\n\n<li>Offer 24\/7 customer support<\/li>\n\n\n\n<li>Impose daily limits of $2,000 for new users and $10,500 for existing users<\/li>\n\n\n\n<li>Use blockchain analytics tools to block transactions involving <strong>known scam wallets<\/strong><\/li>\n<\/ul>\n\n\n\n<p><strong>HB2387<\/strong> is designed to reduce fraud and enhance consumer safety as cryptocurrency kiosks continue to expand throughout the state.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arizona Governor Katie Hobbs on Monday vetoed two cryptocurrency-related bills\u2014SB1373 and SB1024\u2014while signing into law a separate measure regulating Bitcoin ATMs across the state. Vetoed: Crypto Reserve Fund and Payments Bill Arizona Governor Katie Hobbs on Monday vetoed two cryptocurrency-related bills\u2014SB1373 and SB1024\u2014while signing into law a separate measure that regulates Bitcoin ATMs throughout the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[272],"tags":[310,294],"class_list":["post-35547","post","type-post","status-publish","format-standard","hentry","category-cryptocurrencies","tag-arizona-es","tag-crypto-es"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Arizona Governor Vetoes Two Crypto Bills, Greenlights Bitcoin ATM Regulation - OnEquity<\/title>\n<meta name=\"description\" content=\"Arizona Governor vetoes two crypto bills but approves Bitcoin ATM regulation to boost costumer protections and curb fraud.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arizona Governor Vetoes Two Crypto Bills, Greenlights Bitcoin ATM Regulation - 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