Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Arizona Governor Katie Hobbs rejected bills to establish a state Bitcoin reserve and accept crypto payments, but signed a bill regulating crypto ATMs, Coinbase is set to become the first crypto company to join the S&P 500 index, and newly appointed US Securities and Exchange Commission (SEC) Chair Paul Atkins shared his priorities for digital asset regulation.
Arizona Governor Katie Hobbs vetoed two key cryptocurrency-related bills that aimed to expand the state’s involvement in digital assets while signing a strict regulatory measure targeting Bitcoin ATMs.
On May 12, Hobbs rejected Senate Bill 1373, which sought to establish a Digital Assets Strategic Reserve Fund. The fund would have allowed Arizona to hold crypto assets obtained through seizures or legislative allocations.
