亚利桑那州州长凯蒂·霍布斯（Katie Hobbs）否决比特币投资法案

亚利桑那州不会将比特币添加到其官方国家投资列表中，至少不在民主党州长凯蒂·霍布斯（Katie Hobbs）领导下。

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.

民主党州长凯蒂·霍布斯（Katie Hobbs）否决了一项法案，该法案将允许亚利桑那州投资比特币和其他数字资产，拒绝了加密辩护人倡导者希望将迎来该州新的分散财务时代的措施。

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.

鉴于州长较早对未解决的残疾资金进行所有立法的威胁，这一举动毫不奇怪，这是那些希望看到该法案成为法律的人的挫折。

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《否决消息》（Eveto Message）中说，亚利桑那州的退休制度很强，因为它坚持了证明的投资策略。她补充说，她认为将该州的退休资金暴露于未经测试的数字资产等未经测试的投资是不合适的。

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

州长写道：“我正在没有签名的情况下返回这项法案。”

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.

该法案，也称为SB1025或“亚利桑那州战略比特币储备法”，由参议员温迪·罗杰斯（Wendy Rogers）和杰夫·温宁格（Jeff Weninger）共同赞助。它将允许州官员在像比特币这样的数字资产中投资最多10％的州财政和养老金资产。

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

如果颁布，该措施将使亚利桑那州成为美国第一个采取此类政策的州。

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

其他几个州的议员，包括俄克拉荷马州，蒙大拿州，南达科他州和怀俄明州，也提出了类似的立法，但没有采取任何措施。

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.

今年早些时候，霍布斯的前任共和党州长道格·杜西（Doug Ducey）签署了立法，为亚利桑那州的加密活动创建了法律框架。该法律定义了相关术语，已建立的用例，并规定了该州经营的加密公司的报告要求。

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.

州长还拒绝了一项将创建数字资产战略储备基金的法案。该措施SB1373现在正在等待州长的决定。

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）现在在2025年否决了75张法案，超过了她在2024年全部发行的73个否决权。她的记录仍然是她在2023年被封锁的143张法案，这是亚利桑那州历史上任何州长最多的票据。

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，州长否决了一项法案，该法案将禁止在公立学校使用所谓的批判种族理论。此举是在共和党领导的州立法机关通过了这项措施之后，以限制教育中的多样性，公平和包容性倡议。

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.

该法案被视为对批判种族理论的民族运动的回应，旨在防止教师在广泛的意义上讨论种族主义和性别歧视等话题。取而代之的是，它集中在批判种族理论的技术定义上是一种法律理论，该理论研究了法律学说和法律制度（例如种族隔离，奴隶制和财产）如何造成种族等级制度和不平等。

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.

霍布斯在她的否决信息中说，她致力于确保亚利桑那州的所有学生都可以接受高质量的教育。她补充说，她认为让教育工作者自由以最好的方式教授课程并响应学生的需求很重要。

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

州长写道：“我正在没有签名的情况下返回这项法案。”

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.

立法者周一批准了两个法案，即SB1025和SB1373，后者提议创建数字资产战略储备基金，该基金现在正在等待州长的决定。但是，霍布斯的记录表明，该账单可能与以前的措施相同。

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.

根据该街区的报道，霍布斯在她的否决信息中说，亚利桑那州的退休系统很强大，因为它坚持了证明的投资策略。她补充说，她认为将该州的退休资金暴露于未经测试的数字资产等未经测试的投资是不合适的。

“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.

霍布斯在她的否决信息中写道：“该法案将允许该州在数字资产中投资多达百分之十的国库和养老金资产，成为美国第一个这样做的州。”

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.

该法案是由参议员温迪·罗杰斯（Wendy Rogers）和杰夫·温宁格（Jeff Weninger）共同赞助的，本月初通过了州立法机关，并被送往州长的办公桌以供她批准。

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.

该措施也被称为SB1025或“亚利桑那州战略比特币储备法”，将允许该州投资于包括比特币，以太坊和其他加密货币在内的各种数字资产。

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.

该法案还将创建一个新工作组，以研究投资数字资产的潜力并向州长和州立法机关提出建议。

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.

该法案的支持者认为，这将有助于多样化该州的投资组合并为经济增长提供新的机会。他们还指出，其他几个州正在考虑类似的立法。

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，该法案的反对者引起了人们对数字资产波动和欺诈潜力的关注。他们还辩称，该法案将使该州的退休资金暴露给不当风险。

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

今年早些时候，州长威胁要阻止所有立法，以抗议州立法机关未分配任何残疾资金