Arizona Governor Veto Plenty Crypto Bills, Stop State Use And Money Put For Digital Assets
Arizona Governor Katie Hobbs don stop three big big cryptocurrency bills, and dis don slow down how di state go take digital assets. Di latest bills wey dem block na SB 1373, wey wan make one Digital Assets Strategic Reserve Fund for crypto money wey di state hold or seize, and SB 1024, wey wan allow state agencies to collect crypto payments for fines, taxes, and fees through platforms wey dem gree. Before before, dem don veto SB 1025, wey for allow up to 10% of state and retirement funds to invest in Bitcoin and other digital assets. Dis show say Arizona dey careful with how dem regulate tins, dem put financial safety and clear rules first, pass quick quick putting of crypto wey sabi change for public money and payment tins. Because of dis, people and businesses for Arizona must continue to use di normal way to pay, and no clear law framework dey for di state to manage digital assets for now. Dis tin show di wider trend for inside Naija and other countries, where governments sabi put consumer protection and clear regulation first, pass direct involvement of government for crypto markets. Even though di market no really feel am now, di interest from lawmakers show say dem fit get future policy proposals about digital assets as di regulation palava dey change.
Neutral
Arizona decide say dem no want three important cryptocurrency laws for now. This show say dem pause the plan for state level to take crypto and invest, as dem wan make sure say the rules clear and money stable first. No quick way for government to carry Bitcoin or crypto join dia work, so this one no really make crypto market hot (bullish) or cold (bearish). This careful way dem take align with the shakiness wey dey with crypto rules for inside America. Traders sabi say even though Arizona show say dem careful generally, pipu still dey interested in laws for digital money, meaning say opportunities fit show face later if the rules clear well. For now, the market just dey normal, no change.