Phoenix – The Governor of Arizona Katie Hobbs signed House Bill 2749 On Wednesday, by establishing a reserve of reserve of assets and digital networks managed by the State which will hold un requained digital assets and features of features – five days after having opposed its veto to a separate cryptocurrency bill.
With The signatureArizona becomes the second state in the United States to create a formal framework to have digital assets.
Bitcoin, the cryptocurrency that emerged from the 2008 financial crisis, uses Blockchain technology to support transactions between users.
Detractors call speculative, volatile and uncompromising value. Supporters say that it is a new class of assets that can be defined as “digital gold”, and it is a reserve of value and coverage in an ever -increasing offer in world silver. Supporters also indicate the increase in the Bitcoin price as the most efficient in history, the one that had already been retained due to the regulations – so far.
President Trump promised to create a Bitcoin strategic reserve. He appointed a Tsar Crypto in David Sacks. Now, individual states are involved.
Tuesday, the governor of New Hampshire, Kelly Ayotte, signed a bill making his state first to allow him to invest in public funds in crypto reserves.
Recently, the Arizona legislature approved Bill 1025 of the SenateThis would have allowed the state’s retirement fund to invest in virtual currencies such as Bitcoin – allowing it to put up to 10% of state funds in cryptocurrency.
However, he was opposed to the veto by Hobbs on Friday to preserve the strength of the pension system of the state of Arizona.
Jason Barr of Kgun 9 explains why Hobbs opposed the veto SB 1025:
Hobbs Crypto-money legislation
In a letter to the Arizona Senate, Hobbs said: “Arizona’s pension funds are not the place where the state is trying not tested investments such as virtual currency.”
Several other states are considering a strategic reserve using Bitcoin, and Wisconsin Pension Fund would now include Bitcoin.
——-
Jason Barr East A sporting anchor and journalist for Kgun 9. Jason’s stories won Kgun four prestigious Edward R. Murrow regional prizes for sports reports. He also won two Rocky Mountain Emmy Awards for sports reports. Share your history ideas with Jason by sending an email [email protected] or by connecting to Facebook,, InstagramAnd Twitter.
