亞利桑那州州長凱蒂·霍布斯（Katie Hobbs）否決比特幣投資法案

亞利桑那州不會將比特幣添加到其官方國家投資列表中，至少不在民主黨州長凱蒂·霍布斯（Katie Hobbs）領導下。

Democratic Governor Katie Hobbs has vetoed a bill that would have allowed Arizona to invest in Bitcoin and other digital assets, rejecting a measure that crypto advocates had hoped would usher in a new era of decentralized finance in the state.

民主黨州長凱蒂·霍布斯（Katie Hobbs）否決了一項法案，該法案將允許亞利桑那州投資比特幣和其他數字資產，拒絕了加密辯護人倡導者希望將迎來該州新的分散財務時代的措施。

The move, which comes as no surprise given the governor’s earlier threat to block all legislation over unresolved disability funding, is a setback for those who had hoped to see the bill become law.

鑑於州長較早對未解決的殘疾資金進行所有立法的威脅，這一舉動毫不奇怪，這是那些希望看到該法案成為法律的人的挫折。

In her veto message, first reported by The Block, Hobbs said that Arizonans’ retirement system is strong because it sticks to proven investment strategies. She added that she believes it’s inappropriate to expose the state’s retirement funds to untested investments like digital assets.

霍布斯（Hobbs）在她的《否決消息》（Eveto Message）中說，亞利桑那州的退休制度很強，因為它堅持了證明的投資策略。她補充說，她認為將該州的退休資金暴露於未經測試的數字資產等未經測試的投資是不合適的。

“I am returning this bill without my signature,” the governor wrote.

州長寫道：“我正在沒有簽名的情況下返回這項法案。”

The bill, also known as SB1025 or “Arizona Strategic Bitcoin Reserve Act,” was co-sponsored by Senators Wendy Rogers and Jeff Weninger. It would have permitted state officials to invest up to 10% of the state treasury and pension assets in digital assets like Bitcoin.

該法案，也稱為SB1025或“亞利桑那州戰略比特幣儲備法”，由參議員溫迪·羅傑斯（Wendy Rogers）和傑夫·溫寧格（Jeff Weninger）共同贊助。它將允許州官員在像比特幣這樣的數字資產中投資最多10％的州財政和養老金資產。

If enacted, the measure would have made Arizona the first state in the U.S. to adopt such a policy.

如果頒布，該措施將使亞利桑那州成為美國第一個採取此類政策的州。

Lawmakers in several other states, including Oklahoma, Montana, South Dakota, and Wyoming, have proposed similar legislation, but none of the measures have advanced.

其他幾個州的議員，包括俄克拉荷馬州，蒙大拿州，南達科他州和懷俄明州，也提出了類似的立法，但沒有採取任何措施。

Earlier this year, Hobbs’ predecessor, Republican Governor Doug Ducey, signed legislation that created a legal framework for crypto activities in Arizona. The law defined relevant terms, established use cases, and set forth reporting requirements for crypto companies operating in the state.

今年早些時候，霍布斯的前任共和黨州長道格·杜西（Doug Ducey）簽署了立法，為亞利桑那州的加密活動創建了法律框架。該法律定義了相關術語，已建立的用例，並規定了該州經營的加密公司的報告要求。

The governor also rejected a bill that would have created a Digital Assets Strategic Reserve Fund. The measure, SB1373, is now awaiting the governor’s decision.

州長還拒絕了一項將創建數字資產戰略儲備基金的法案。該措施SB1373現在正在等待州長的決定。

Hobbs has now vetoed 75 bills in 2025, surpassing the 73 vetoes she issued during all of 2024. Her record remains the 143 bills she blocked in 2023, the most by any governor in Arizona history.

霍布斯（Hobbs）現在在2025年否決了75張法案，超過了她在2024年全部發行的73個否決權。她的記錄仍然是她在2023年被封鎖的143張法案，這是亞利桑那州歷史上任何州長最多的票據。

Earlier this month, the governor vetoed a bill that would have banned the use of so-called critical race theory in public schools. The move came after the Republican-led state legislature passed the measure in an effort to restrict diversity, equity and inclusion initiatives in education.

本月初，州長否決了一項法案，該法案將禁止在公立學校使用所謂的批判種族理論。此舉是在共和黨領導的州立法機關通過了這項措施之後，以限制教育中的多樣性，公平和包容性倡議。

The bill, which was viewed as a response to a national movement on critical race theory, aimed to prevent teachers from being able to discuss topics such as racism and sexism in a broad sense. Instead, it focused on the technical definition of critical race theory as a theory of law that examines how legal doctrines and legal institutions, such as segregation, slavery, and property, created racial hierarchy and inequality.

該法案被視為對批判種族理論的民族運動的回應，旨在防止教師在廣泛的意義上討論種族主義和性別歧視等話題。取而代之的是，它集中在批判種族理論的技術定義上是一種法律理論，該理論研究了法律學說和法律制度（例如種族隔離，奴隸制和財產）如何造成種族等級制度和不平等。

In her veto message, Hobbs said that she is committed to ensuring that all students in Arizona have access to a high-quality education. She added that she believes it’s important to leave educators free to teach the curriculum in the best way possible, and to respond to the needs of their students.

霍布斯在她的否決信息中說，她致力於確保亞利桑那州的所有學生都可以接受高質量的教育。她補充說，她認為讓教育工作者自由以最好的方式教授課程並響應學生的需求很重要。

“I am returning this bill without my signature,” the governor wrote.

州長寫道：“我正在沒有簽名的情況下返回這項法案。”

Lawmakers on Monday approved two bills, SB1025 and SB1373, the latter proposing the creation of a Digital Assets Strategic Reserve Fund, which is now awaiting the Governor’s decision. However, Hobbs’s track record suggests the bill may be headed for the same fate as previous measures.

立法者周一批准了兩個法案，即SB1025和SB1373，後者提議創建數字資產戰略儲備基金，該基金現在正在等待州長的決定。但是，霍布斯的記錄表明，該賬單可能與以前的措施相同。

According to reports by The Block, in her veto message, Hobbs stated that Arizonans’ retirement system is strong because it sticks to proven investment strategies. She added that she believes it’s inappropriate to expose the state’s retirement funds to untested investments like digital assets.

根據該街區的報導，霍布斯在她的否決信息中說，亞利桑那州的退休系統很強大，因為它堅持了證明的投資策略。她補充說，她認為將該州的退休資金暴露於未經測試的數字資產等未經測試的投資是不合適的。

“This bill would permit the state to invest up to ten percent of its treasury and pension assets in digital assets, becoming the first state in the U.S. to do so,” Hobbs wrote in her veto message.

霍布斯在她的否決信息中寫道：“該法案將允許該州在數字資產中投資多達百分之十的國庫和養老金資產，成為美國第一個這樣做的州。”

The bill, which was co-sponsored by Senators Wendy Rogers and Jeff Weninger, passed the state legislature earlier this month and was sent to the governor’s desk for her approval.

該法案是由參議員溫迪·羅傑斯（Wendy Rogers）和傑夫·溫寧格（Jeff Weninger）共同贊助的，本月初通過了州立法機關，並被送往州長的辦公桌以供她批准。

The measure, which is also known as SB1025 or the “Arizona Strategic Bitcoin Reserve Act,” would have allowed the state to invest in a variety of digital assets, including Bitcoin, Ethereum, and other cryptocurrencies.

該措施也被稱為SB1025或“亞利桑那州戰略比特幣儲備法”，將允許該州投資於包括比特幣，以太坊和其他加密貨幣在內的各種數字資產。

The bill would have also created a new task force to study the potential for investing in digital assets and to make recommendations to the governor and state legislature.

該法案還將創建一個新工作組，以研究投資數字資產的潛力並向州長和州立法機關提出建議。

Proponents of the bill argued that it would help to diversify the state’s investment portfolio and provide new opportunities for economic growth. They also noted that several other states are considering similar legislation.

該法案的支持者認為，這將有助於多樣化該州的投資組合併為經濟增長提供新的機會。他們還指出，其他幾個州正在考慮類似的立法。

However, opponents of the bill raised concerns about the volatility of digital assets and the potential for fraud. They also argued that the bill would have exposed the state’s retirement funds to undue risk.

但是，該法案的反對者引起了人們對數字資產波動和欺詐潛力的關注。他們還辯稱，該法案將使該州的退休資金暴露給不當風險。

Earlier this year, the governor threatened to block all legislation in protest at the state legislature’s failure to allocate any funds for disability

今年早些時候，州長威脅要阻止所有立法，以抗議州立法機關未分配任何殘疾資金