The Breakdown Arizona Gov Vetoes Bitcoin Bill
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May 6, 2025 Arizona's governor has vetoed a bill that would have allowed state investments in Bitcoin, stirring unrest in the crypto community. There’s a growing partisan struggle as Senate Democrats, led by Elizabeth Warren, resist stablecoin legislation, complicating regulations. On a brighter note, Apple’s new allowance for crypto in-app purchases marks a significant step forward for mobile crypto adoption and acceptance. The conversation highlights important shifts in the political and corporate landscape affecting cryptocurrency.
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Arizona Bitcoin Bill Vetoed
- Arizona Governor Katie Hobbs vetoed the first Bitcoin reserve bill, citing retirement fund safety concerns.
- The state's pension fund ironically already holds significant Bitcoin exposure via MicroStrategy stock.
Democrats Block Stablecoin Bill
- Senate Democrats, led by Elizabeth Warren, opposed bipartisan stablecoin regulation over national security and financial safety concerns.
- Their resistance threatens to stall critical crypto legislation despite prior support and ongoing negotiations.
Apple Enables Mobile Crypto Payments
- Apple now allows crypto for in-app purchases by permitting external payment links in the US App Store.
- This change breaks Apple's previous gatekeeping and could fuel mainstream mobile crypto adoption.