Governor Katie Hobbs (Katie Hobbs) She saidthat “the state budget and pension funds of the inhabitants of Arizona are not a place for experiments with unverified investments, including virtual currencies.” The official expressed concern about the unpredictable volatility of coins and potential risks for stable financing of state institutions.
Hobbs recalled that despite the support of the bill by Arizona’s cryptocurrency and references to the initiatives of President Donald Trump, who signed a decree on the creation of the federal “strategic reserve of bitcoins”, she intends to block all such initiatives until the consent of both large American parties, democrats and republicans.
The co -authors of the bill Senator Wendy Rogers and the Congressman of the House of Representatives of Jeff Weninger said that “it is regrettable to see how Arizona is the opportunity to become the first American state that would include digital gold in its financial reserves.”
“Politicians do not understand that bitcoin does not need Arizona. Arizona needs bitcoin. I will re -submit my bill at the next session ” – She said Rogers.
Earlier, the President of the Euro Pacific Capital investment company Peter Shiff said that in the event of a Bitcoin exchange rate, the founder of the American company Strategy Michael Saylor will have to find a borrowed money to prevent the flagship cryptocurrency.
Source: Bits
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