Arizona Governor Vetoes Bill to Limit Local Regulations and Taxes on Blockchain Node Operators

Arizona Governor Vetoes Bill to Limit Local Regulations and Taxes on Blockchain Node Operators


cryptonews
2023-04-14 16:00:00

Arizona Governor Katie Hobbs has vetoed legislation that would have barred municipalities from taxing cryptocurrency mining operations. In a Wednesday letter, Hobbs said that the bill SB 1236 seeks to tie the hands of local stakeholders in regard to crypto mining policymaking. She said: "The bill broadly defined "blockchain technology" and prevents local policymaking concerning an emergent and potentially energy-intensive economic activity.”... Read More: Arizona Governor Vetoes Bill to Limit Local Regulations and Taxes on Blockchain Node Operators