Don't be discouraged! After the Governor of Arizona vetoed the Bitcoin reserve bill, there are still 2 key proposals up for approval today.

After Arizona Governor Katie Hobbs vetoed a bill to allow public funds to be invested in cryptocurrencies, there are actually two related bills pending the governor's approval, and answers are expected soon. (Synopsis: Flash» Governor of Arizona 'Vetoes Bitcoin Reserve Act': Virtual Currencies Are Unverified Investments... U.S. Governor Katie Hobbs vetoed Senate Bill 1025 (SB 1025), which aims to allow states to invest 10% of public funds in virtual currencies, over the weekend, disappointing many supporters who expect Arizona to pioneer the crypto space. Governor Consideration: Retirement Fund Safety Prioritizes Unproven Investments In explaining his veto, Governor Hobbs explained his veto, The core concern is to ensure the robustness and security of Arizona's retirement system. She pointed out that public funds, especially those used to secure the future lives of retirees, should not be placed in "untested (truly investment) of unproven investments". 2 More Crypto Asset-Related Bills Pending Governor's Approval Despite the failure of the ambitious SB 1025 bill, Arizona's efforts to explore crypto assets are not over. Currently, there are 2 other cryptocurrency-related bills awaiting a final ruling by Governor Hobbs. Among them, House Bill 2749 (HB 2749) proposes a plan to deal with "unclaimed cryptocurrencies," under which third-party cryptocurrency exchanges, such as Coinbase, would be allowed to transfer unclaimed digital assets directly to the state government in their original form, rather than converting them to traditional currency first under current regulations. Notably, HB 2749 also gives state governments a unique ability to "stake" these digital holdings for yield. The bill envisages remitting proceeds from pledges, as well as potential airdrops, into a dedicated reserve fund. Since this bill does not require additional state financial allocations, it is described as "budget neutral" and could be used as a source of funding for subsequent purchases of Bitcoin In addition, there is also an opportunity for Senate Bill 1373 (SB 1373), which involves the creation of a digital asset strategic reserve fund and may allow state treasurers to manage crypto assets seized by law enforcement. Governor Hobbs is expected to make a final decision on bills including HB 2749 by May 8 local time, and an update is expected from Taiwan tomorrow morning. Repercussions and future outlook after vetoing the Bitcoin Reserve Act Returning to SB 1025, despite a major setback, one of the main promoters of the bill, State Senator Wendy Rogers, has publicly stated that she plans to reintroduce a similar bill in the next legislative session, saying that the Arizona government's efforts to explore digital assets will not stop there. Dennis Porter, founder of the Satoshi Action Fund, who consulted on the bill, regretted the failure of SB 1025, but was optimistic about the passage of HB 2749, especially its "budget neutral" character, believing that it would reduce resistance to passage. Related reports The United States has entered the era of "fixed investment bitcoin reserves"? North Carolina bill "10% fund to buy BTC", cold wallets are not allowed to sell US poll: only 10% support expanding crypto industry spending, more than half oppose Trump to build bitcoin reserves. Dr. Po Ge Rujun: Taiwan has Ready Bitcoin reserves! Cryptocurrency special law "it's better not to be good" CEO of Coinbase: "Bitcoin standard" will replace gold, G20 will follow up to buy BTC reserves 〈Don't be discouraged! After the governor of Arizona vetoed the bitcoin reserve bill, there are 2 key proposals approved today〉This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".