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ARIZONA GOVERNOR KILLS TWO CRYPTO BILLS, CRACKS DOWN ON BITCOIN ATMS
- Governor Katie Hobbs vetoed two major pro-crypto bills:
- Senate Bill 1373, which proposed a Digital Assets Strategic Reserve Fund, and
- Senate Bill 1025, the Arizona Strategic Bitcoin Reserve Act that would have allowed up to 10% of state treasury and retirement funds to be invested in Bitcoin.
- She also rejected Senate Bill 1024, which would have allowed state agencies to accept crypto payments for taxes and fees.
Hobbs cited “volatility in cryptocurrency markets” as a core reason for vetoing, stating the proposals posed too much financial risk for public funds.
- However, she approved House Bill 2387, which imposes strict consumer protections on Bitcoin ATMs:
- Requires multilingual scam warnings and acknowledgment from users before transactions.
- Caps daily transactions at $2,000 for new users and $10,500 for returning users after 10 days.
- Mandates detailed receipts, visible 24/7 customer support info, and a 30-day refund policy for fraud victims.
- Additionally, Hobbs signed House Bill 2749, modernizing unclaimed property laws to let Arizona hold unclaimed crypto in its original form rather than converting to fiat.
@ Newshounds News™
Source: CoinTelegraph
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BRICS: US & CHINA AGREE TO TARIFF PAUSE, BUT WHO’S NEXT?
- The US and China have agreed to a 90-day tariff pause, signaling a potential thaw in tensions and offering hope for a broader trade deal.
- President Trump called it a “total reset” in relations, easing fears of an imminent trade war between the world’s two largest economies.
- China’s role in BRICS remains pivotal, and the agreement has sparked speculation about which BRICS nation may secure relief next.
- India has already finalized trade terms with the US, while Brazil still faces a 10% tariff, and South Africa’s has been lowered from 30% to 10%.
- Russia was never included in the initial US tariff plan, giving the BRICS alliance some strategic leverage.
- The European Union (EU) may be next on the negotiation list, though Trump called the EU “nastier than China” in recent comments.
- BRICS’ united trade front is believed to be effective, with growing optimism that tariff relief deals for other members are coming soon.
- The 2025 BRICS summit could expand the alliance, increasing its global influence during ongoing trade negotiations.
@ Newshounds News™
Source: Watcher Guru
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