New documents reveal that a Montana bill to use Bitcoin (BTC) as a reserve asset is heading toward the state’s House of Representatives for a vote. According to legislative tracking service LegiScan, Montana House Bill 429 – which would allow the state to invest in precious metals and digital assets – has passed a Committee […]
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Arizona’s legislative proposal that would allow the state to invest up to 10% of several public funds into cryptocurrencies just moved closer to becoming a law. Arizona’s Senate Finance Committee approved the Strategic Bitcoin Reserve Act (SB1025) by a 5-2 vote. The proposal, co-sponsored by Republican Senator Wendy Rogers and Republican Representative Jeff Weninger, is […]
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Police officers in Scottsdale, Arizona reportedly arrested a fake Uber driver who allegedly stole crypto from his passengers. According to NBC News, the Scottsdale Police Department said that Nuruhussein Hussein was apprehended on Wednesday and charged with two counts of money laundering, two counts of fraudulent schemes and two counts of theft for his scheme. […]
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As part of its coverage of the 2024 US Elections, Cointelegraph asked several congressional candidates for their positions on cryptocurrency and blockchain.
Kari Lake is running to represent the state of Arizona in the United States Senate. A far-right Republican who refused to concede her loss in the state’s 2022 gubernatorial election, Lake will face off against Democrat Ruben Gallego in November.
In August, Lake updated her campaign platform to include “building a robust but open framework to protect the cryptocurrency economy.”
She claimed to be a “pro-crypto candidate” on X, supporting some of Republican presidential candidate Donald Trump’s statements advocating for Bitcoin (BTC) “as a last line of defense against our foreign adversaries.”
Five U.S. states have reached a settlement with GSB Group over unregistered securities sales tied to digital assets. Residents of the states will receive refunds for all fiat and cryptocurrency deposits. GSB chairman Josip Heit agreed to cease selling unregistered securities without admitting or denying violations. 5 States Reach Settlement With GSB Group Over Unregistered […]
Democratic candidate Yassamin Ansari, supported by more than $1 million in crypto super PAC funds, claimed victory in an Arizona congressional primary.
Yassamin Ansari, a Democrat running to represent Arizona’s 3rd Congressional District in the United States House of Representatives, has won a recount against her fellow party member Raquel Terán by only 39 votes.
According to an Aug. 20 report from the Associated Press, Arizona officials announced that Ansari was the winner of a recount between Democratic candidates in a state primary election. After primary results were tabulated starting on July 30, election officials found Ansari was leading by less than 0.5% of the total votes cast, requiring a recount under state law.
The recount showed Ansari had 19,087 votes, while 19,048 people voted for Terán. Ansari announced her victory in an Aug. 20 X post, as Terán said she had congratulated her opponent on “her election to be our future congresswoman.” She will face off against Republican Jeff Zink in the November election.
The Protect Progress political action committee has been behind media buys for candidates in many congressional races across the United States.
The political action committee (PAC) Protect Progress has used more than $1.3 million to support the campaign of a Democratic candidate for Arizona’s 3rd Congressional District.
According to expenditures filed with the Federal Election Commission, the Protect Progress Super PAC disseminated more than $1.3 million in a media buy to support Yassamin Ansari. The Arizona Democrat will compete for the congressional seat in a July 30 primary against Raquel Terán and Duane Wooten.
Though Terán’s and Wooten’s policy positions on crypto and blockchain were unclear at the time of publication, Ansari’s campaign website stated she supported “lead[ing] the way in the blockchain and crypto innovation.” The Democratic candidate also completed Coinbase’s Stand With Crypto questionnaire, suggesting she would support pro-crypto legislation if elected to Congress.
Arizona is mulling over the possibility of adding exposure to digital assets in the investment portfolios of government pension funds. A new resolution wending its way through Arizona’s state legislature would take a step toward sinking pension funds for government and public safety employees into digital asset-based exchange-traded funds (ETFs). The proposal comes about a […]
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Arizona Governor Katie Hobbs says she vetoed legislation that would prohibit municipalities from taxing residential cryptocurrency mining operations. In a veto letter, the Democratic governor says she has struck down the bill over concerns it goes too far in restricting local policymakers from addressing issues that may arise from the innovative blockchain technology. She also […]
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The bill aimed to have only state authorities impose regulations and taxes on individuals and businesses running blockchain nodes, as opposed to those at the city and county level.
Katie Hobbs, the governor of the state of Arizona, has vetoed legislation that would have largely stopped local authorities from imposing taxes on individuals and businesses running blockchain nodes.
In an April 12 decision, Governor Hobbs issued a veto to Arizona Bill 1236, first introduced in January. The legislation aimed to revise sections of statutes pertaining to blockchain technology, largely reducing or eliminating regulation and taxation of node operators at the state level.
“A city or town may not impose a tax or fee on any person or entity for running a node on blockchain technology in a residence,” said the Senate engrossed version of the bill. “The imposition of a tax or fee on a person or entity running a node on blockchain technology in a residence is of statewide concern and not subject to further regulation by a city or town.”
Under the bill, the same restrictions for cities and towns on node operators would have also applied to counties. Following approval in the Arizona Senate and House, lawmakers sent the bill to Hobbs’ desk, where she vetoed the legislation on her 100th day in office.
It was a great day celebrating the first 100 days of my administration with folks from across Arizona.
— Governor Katie Hobbs (@GovernorHobbs) April 13, 2023
There’s so much more to do, but I’m excited about the foundation we’ve laid and where we’re going next.
Thank you, Arizona. #Hobbs100 pic.twitter.com/piL6GEXb9m
Related: Colorado governor says he expects state to accept tax payments in crypto by summer
Some Arizona lawmakers have introduced legislation aimed at making the U.S. state a pro-crypto regulatory environment for both companies and individuals. State Senator Wendy Rogers proposed Arizona’s government make Bitcoin (BTC) acceptable as legal tender, and joined with other lawmakers in a resolution having crypto be a tax-exempt property under the state's constitution.
