{"id":42254,"date":"2025-05-13T16:00:21","date_gmt":"2025-05-13T13:00:21","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=42254"},"modified":"2025-05-13T14:38:33","modified_gmt":"2025-05-13T11:38:33","slug":"arizona-governor-hobbs-vetoes-reserve-bills-and-controls-on-bitcoin-atms","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/arizona-governor-hobbs-vetoes-reserve-bills-and-controls-on-bitcoin-atms\/","title":{"rendered":"Arizona Governor Hobbs Vetoes Reserve Bills and Controls on Bitcoin ATMs"},"content":{"rendered":"<p class=\"\" data-start=\"89\" data-end=\"310\"><a href=\"https:\/\/coinengineer.net\/blog\/coinbase-to-join-the-sp-500-index-next-week\/\"><strong>Arizona Governor Katie Hobbs<\/strong> <\/a>has taken measures to limit the state\u2019s involvement in the crypto space. Hobbs <strong>vetoed two major cryptocurrency-related bills<\/strong> while approving a law introducing new regulations for <strong>Bitcoin ATMs.<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/arizona-governor-hobbs-vetoes-reserve-bills-and-controls-on-bitcoin-atms\/#Crypto_Reserve_and_Payment_Plans_Rejected\" title=\"Crypto Reserve and Payment Plans Rejected\">Crypto Reserve and Payment Plans Rejected<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/arizona-governor-hobbs-vetoes-reserve-bills-and-controls-on-bitcoin-atms\/#New_Rules_for_Bitcoin_ATMs\" title=\"New Rules for Bitcoin ATMs\">New Rules for Bitcoin ATMs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/arizona-governor-hobbs-vetoes-reserve-bills-and-controls-on-bitcoin-atms\/#Crypto_Not_Entirely_Off_the_Table\" title=\"Crypto Not Entirely Off the Table\">Crypto Not Entirely Off the Table<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"312\" data-end=\"357\"><span class=\"ez-toc-section\" id=\"Crypto_Reserve_and_Payment_Plans_Rejected\"><\/span>Crypto Reserve and Payment Plans Rejected<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"359\" data-end=\"603\">On May 12, Governor Hobbs vetoed Senate Bill 1373, which proposed the establishment of a &#8220;Digital Assets Strategic Reserve Fund.&#8221; This fund would have allowed the state to hold crypto assets acquired through seizures or legislative allocations.<\/p>\n<p class=\"\" data-start=\"605\" data-end=\"910\">In her veto statement, Hobbs said, <strong data-start=\"640\" data-end=\"763\">\u201cCurrent volatility in cryptocurrency markets does not provide a healthy investment ground for general fund resources.\u201d<\/strong> She also noted that she had already signed a regulation enabling the state to utilize cryptocurrencies without posing a direct risk to the budget.<\/p>\n<p class=\"\" data-start=\"912\" data-end=\"1109\">This decision followed her earlier veto of another bill on May 3. Senate Bill 1025 had proposed investing up to 10% of the state\u2019s treasury and retirement funds in Bitcoin and other digital assets.<\/p>\n<p class=\"\" data-start=\"1111\" data-end=\"1424\">Additionally, Hobbs also rejected Senate Bill 1024. This bill would have allowed state agencies to accept cryptocurrency payments for taxes, fines, and fees through approved providers. Although the bill included measures to protect against volatility, Hobbs explained that she still considered it <strong data-start=\"1408\" data-end=\"1424\">\u201ctoo risky.\u201d<\/strong><\/p>\n<h2 data-start=\"1426\" data-end=\"1456\"><span class=\"ez-toc-section\" id=\"New_Rules_for_Bitcoin_ATMs\"><\/span>New Rules for Bitcoin ATMs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"1458\" data-end=\"1653\">On the same day, Hobbs signed House Bill 2387 into law, introducing new rules for Bitcoin ATMs (crypto kiosks). This law aims to prevent fraud and enhance user safety with several key provisions.<\/p>\n<p class=\"\" data-start=\"1655\" data-end=\"1682\">According to the new rules:<\/p>\n<ul data-start=\"1684\" data-end=\"2168\">\n<li class=\"\" data-start=\"1684\" data-end=\"1810\">\n<p class=\"\" data-start=\"1686\" data-end=\"1810\"><strong data-start=\"1686\" data-end=\"1737\">Kiosks must display multilingual fraud warnings<\/strong>, and users must acknowledge these risks before completing a transaction.<\/p>\n<\/li>\n<li class=\"\" data-start=\"1814\" data-end=\"1933\">\n<p class=\"\" data-start=\"1816\" data-end=\"1933\">Receipts given to users must include transaction details, contact information, transaction fees, and refund policies.<\/p>\n<\/li>\n<li class=\"\" data-start=\"1935\" data-end=\"2036\">\n<p class=\"\" data-start=\"1937\" data-end=\"2036\">New users are limited to daily transactions of $2,000, which can increase to $10,500 after 10 days.<\/p>\n<\/li>\n<li class=\"\" data-start=\"2038\" data-end=\"2168\">\n<p class=\"\" data-start=\"2040\" data-end=\"2168\"><strong data-start=\"2040\" data-end=\"2120\">ATM operators are required to provide a 24\/7 toll-free customer service line<\/strong> and visibly display the number on each machine.<\/p>\n<\/li>\n<\/ul>\n<p class=\"\" data-start=\"2170\" data-end=\"2347\">The law also mandates that <strong data-start=\"2197\" data-end=\"2318\">new users who fall victim to scams and report the incident with valid proof within 30 days must receive a full refund<\/strong>, including transaction fees.<\/p>\n<h2 data-start=\"2349\" data-end=\"2386\"><span class=\"ez-toc-section\" id=\"Crypto_Not_Entirely_Off_the_Table\"><\/span>Crypto Not Entirely Off the Table<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"\" data-start=\"2388\" data-end=\"2621\">Although Hobbs has largely rolled back crypto-related laws, she hasn\u2019t entirely closed the door on digital assets. Last Wednesday, she signed House Bill 2749, which updates Arizona\u2019s unclaimed property laws to include digital assets.<\/p>\n<hr \/>\n<p class=\"\" data-start=\"2388\" data-end=\"2621\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arizona Governor Katie Hobbs has taken measures to limit the state\u2019s involvement in the crypto space. Hobbs vetoed two major cryptocurrency-related bills while approving a law introducing new regulations for Bitcoin ATMs. Crypto Reserve and Payment Plans Rejected On May 12, Governor Hobbs vetoed Senate Bill 1373, which proposed the establishment of a &#8220;Digital Assets<\/p>\n","protected":false},"author":29,"featured_media":35624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[15704,15706,15705],"class_list":["post-42254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-arizona-governor-hobbs","tag-controls-bitcoin-atm","tag-vetoed-two-bitcoin-reserve-bill"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Arizona Governor Hobbs Vetoes Reserve Bills and Controls on Bitcoin ATMs - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/arizona-governor-hobbs-vetoes-reserve-bills-and-controls-on-bitcoin-atms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arizona Governor Hobbs Vetoes Reserve Bills and Controls on Bitcoin ATMs - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Arizona Governor Katie Hobbs has taken measures to limit the state\u2019s involvement in the crypto space. Hobbs vetoed two major cryptocurrency-related bills while approving a law introducing new regulations for Bitcoin ATMs. Crypto Reserve and Payment Plans Rejected On May 12, Governor Hobbs vetoed Senate Bill 1373, which proposed the establishment of a &#8220;Digital Assets\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/arizona-governor-hobbs-vetoes-reserve-bills-and-controls-on-bitcoin-atms\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-13T13:00:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-13T11:38:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/01\/arizona-bitcoin-1024x576.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Emre Yumlu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emre Yumlu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/arizona-governor-hobbs-vetoes-reserve-bills-and-controls-on-bitcoin-atms\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/arizona-governor-hobbs-vetoes-reserve-bills-and-controls-on-bitcoin-atms\/\",\"name\":\"Arizona Governor Hobbs Vetoes Reserve Bills and Controls on Bitcoin ATMs - 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