Arizona Governor Slammed: Did She Just Kill Bitcoin’s Shot at Glory? 🤦‍♀️💰

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And so, the drama unfolds under the boundless sky of Arizona. The Bitcoiners—bold, unyielding as blacksmiths at the anvil—rose in uproar the moment Governor Katie Hobbs crushed, with a flourish of bureaucratic indifference, the hope-laden bill that might have tethered their beloved digital dream to the crusty chest of state reserves. What was in her mind? Likely the same thing that rattles in the mind of a bureaucrat eyeing the last donut—fear, calculation, and perhaps the faint buzz of an “official” policy manual. 🍩

Jameson Lopp, co-founder of Casa and proud cypherpunk whose beard could withstand a Bitcoin winter, voiced his prophecy from the digital pulpit on May 3: “This will age poorly.” Did you feel the chill, or was it simply the blockchain confirming a new block?

Anthony Pompliano, a craftsman in the workshop of Bitcoin, scoffed like an old worker staring at a malfunctioning Soviet machine: “Imagine the ignorance of a politician to believe they can make investment decisions.” Ah, the faith we place in these elected souls who sometimes confuse memes for mandates. 😅

Where Are the Comrades Who See the Machinery’s Future?

“If she can’t outperform Bitcoin, she must buy it,” declared Pompliano, like a factory boss demanding coal for the furnaces. Nearby, crypto lawyer Andrew Gordon struck his own iron: “We need more elected officials who understand that Bitcoin and crypto are the future.” The workers nodded, or maybe they just wanted their lunch break.

Wendy Rogers stood amid the smoke of defeat, co-sponsor of this promising, now-mangled machine. She too lamented the ignorance that passes for wisdom. “Politicians don’t understand that Bitcoin doesn’t need Arizona. Arizona needs Bitcoin.” Her words, sharp as a miner’s pick, echoed across the factory floor of social media—yet who among them listened?

On May 2, Governor Hobbs wielded her veto pen as if it were a sickle for dreams. Senate Bill 1025, the Arizona Strategic Bitcoin Reserve Act, might have let the state seize its own destiny—with seized funds no less!—and cast them into the roaring furnace of Bitcoin reserves. Yet she said, “Today, I vetoed Senate Bill 1025. The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments.” The engineers wept. The machines groaned. The protocol shrugged.

Wendy Rogers, not one for quitting, promised the furnace would be stoked again next session. For the record, Arizona’s custodians already hold the stock of Saylor’s Strategy (MSTR)—a fine, complicated gear that’s basically a leveraged Bitcoin ETF. Would you look at that! The whole contraption is greased with irony. 🚂

“Arizona’s Strategic Bitcoin Reserve bill will be back. HODL,” Rogers chanted, perhaps standing on a pile of digital hay. The price of Strategy soared 32% in April—giddy as a Moscow tram during payday.

Yet Peter Schiff, eternal grumbler and resident skeptic, aligned himself with Hobbs, warning: “The government should not be making decisions to use public funds to speculate in cryptocurrencies.” A familiar song from an old gramophone.

Had the mighty cogs turned, Arizona would have been the first state in this wild American factory to assemble a Bitcoin Strategic Reserve. Instead, it joins the assembly line of dreams deferred— Oklahoma, Montana, South Dakota, and Wyoming, united in bureaucratic inertia, where ideas go to rust and sleepy speeches echo over cold coffee. ☕️

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2025-05-04 09:14