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Arizona Governor Vetoes Crypto Seizure Reserve Bill, Citing Law ...
- On July 1, 2025, Arizona Governor Katie Hobbs vetoed House Bill 2324, which proposed establishing a fund composed of cryptocurrencies confiscated through criminal forfeiture.
- Hobbs vetoed this bill due to concerns that diverting seized digital assets could weaken local enforcement and investigations into digital asset crimes.
- This veto represents the third instance this session in which Governor Hobbs has rejected legislation related to establishing a digital asset reserve, following her earlier vetoes of SB 1025 and SB 1373 concerning digital currencies and investment funds.
- The bill had passed the House 34-22 on June 24 and would have allocated seized digital assets partly to the State Treasurer, Attorney General's office, and a reserve fund.
- Hobbs set a new record for vetoes in a single session with 178 bills blocked, signaling her active role in shaping Arizona's legislative direction this year.
33 Articles
33 Articles
Record 174 vetoes highlight Arizona’s partisan gridlock under divided government
Gov. Katie Hobbs gives the annual State of the State address in the Arizona House of Representatives on Jan. 13, 2025. Photo by Gage Skidmore | Flickr/CC BY-SA 2.0In Arizona, a divided state government means elected leaders spend a lot of their time blocking one another’s policy proposals instead of creating bipartisan compromise. Democrat Gov. Katie Hobbs signed into law 265 pieces of legislation that had bipartisan support, but she also beat …
Gov. Katie Hobbs clears desk of all bills for the session
Key Points: Governor vetoed 178 bills this session, surpassing her previous record Photo enforcement and expedited election results bills vetoed Hobbs looking to improve vote counting next session It may have resulted in faster election returns, with the winners and losers known shortly after the polls close. However, on July 1, Gov. Katie Hobbs vetoed legislation designed to help Arizona expedite results. The governor said she could not acc…
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