Arizona Governor Calls Crypto an ‘Untested Investment,’ Vetoes Bitcoin Reserve Bill
The bill, Senate Bill 1025, aimed to create a digital assets reserve managed by the state.
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The bill, Senate Bill 1025, aimed to create a digital assets reserve managed by the state.
Stand With Crypto is the political cheerleading arm of the crypto industry’s increasingly high-powered effort to insert itself into the 2024 election, and it’s starting a multi-state tour on Sept. 4 with the hope of translating its 1.3 million online signups into pro-cryptocurrency votes.
Another crypto fan is likely to arrive in Congress next year, with Yassamin Ansari winning her Democratic primary race in Arizona by a scant 39 votes, a result confirmed Tuesday after an automatic recount.
Crypto interests are planning to go after Sen. Sherrod Brown (D-Ohio) in their biggest-ever single campaign, setting aside $12 million to support the Republican candidate seeking to snatch the Senate seat from the current chairman of the Senate Banking Committee, who has been highly critical of the digital assets sector and reluctant to embrace crypto legislation.
After a very tight victory last week in Arizona that’s now facing a recount, the cryptocurrency industry’s political forces are shifting their attention toward some of the final U.S. congressional primaries of 2024, including Tuesday’s elections in Missouri and Washington state.
A deluge of crypto-industry money may have helped achieve a very narrow Arizona congressional primary win this week for Yassamin Ansari, a crypto-cheering Phoenix City Council member who faced a candidate backed by Sen. Elizabeth Warren (D-Mass.)