Bitcoiners and United States government officials have criticized Arizona Governor Katie Hobbs’s decision to veto a bill that would have allowed the state to hold Bitcoin as part of its official reserves.
“This will age poorly,” Casa co-founder and cypherpunk Jameson Lopp said in a May 3 X post. Bitcoin (BTC) entrepreneur Anthony Pompliano said, “Imagine the ignorance of a politician to believe they can make investment decisions.”
“If she can’t outperform Bitcoin, she must buy it,” Pompliano said. Crypto lawyer Andrew Gordon said, “We need more elected officials who understand that Bitcoin and crypto are the future.”
Wendy Rogers, who co-sponsored the bill with State Representative Jeff Weninger, also voiced her disappointment.
“Politicians don’t understand that Bitcoin doesn’t need Arizona. Arizona needs Bitcoin,” Rogers said.
On May 2, Hobbs vetoed the Arizona Strategic Bitcoin Reserve Act, which would have permitted Arizona to invest seized funds into Bitcoin and create a reserve managed by state officials. “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,” Hobbs said.
Rogers said she would refile the bill during her next session. Rogers also pointed out that Arizona’s state retirement system already holds stocks of Michael Saylor’s Strategy (MSTR).
“Which is basically a leveraged Bitcoin ETF. Arizona’s Strategic Bitcoin Reserve bill will be back. HODL,” Rogers said. The stock price of Strategy rose 32% in April, the most significant monthly gain since November 2024.
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However, well-known crypto skeptic Peter Schiff sided with Hobbs. “The government should not be making decisions to use public funds to speculate in cryptocurrencies,” Schiff said.
Arizona would have become the first US state to establish a Bitcoin Strategic Reserve if it had passed.
Arizona joins several other US states where similar efforts have failed. Similar proposals in Oklahoma, Montana, South Dakota and Wyoming have stalled or been withdrawn recently.
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Arizona remains one of the fastest-growing states in the country, but new migration data suggests that growth is starting to level out.
According to the latest numbers from U-Haul, Arizona ranked number seven nationwide for growth in 2025. While that is down one spot from the year before, it marks the sixth consecutive year the state has remained in the top ten.
The rankings are based on more than 2.5 million one-way moving transactions for the Arizona-based company.
What stands out in the data is how close those numbers are.
In 2025, 50.3% of U-Haul’s one-way moves came into Arizona, while 49.7% moved out. In practical terms, that means for nearly every family moving into the state, there is another one packing up and leaving.
That does not mean Arizona is losing population. However, it does suggest the margin of growth is getting thinner than it has been in recent years.
Even with that shift, the greater Phoenix metro area continues to be a major driver of growth. Phoenix ranked fifth nationwide among U.S. metro areas, fueled by job creation and new housing across the Valley.
U-Haul leaders point to continued development tied to major employers, including chip manufacturing and data centers, as well as ongoing residential construction, as reasons Phoenix remains a top destination.
Experts who study migration trends say when in-migration and out-migration numbers get this close, it can be a sign that affordability pressures are starting to play a role, especially when it comes to housing.
The latest data does not point to a mass exodus, but it does show Arizona entering a period of transition, balancing opportunity and growth with affordability concerns.
The 2026 Arizona Legacy Races in Buckeye, Ariz., are ringing in a new year for futurity horses December 30 – January 6, at the Buckeye Equestrian & Events Center. Formerly known as the MVP Futurity and Greg Olson Futurity, these two races have been a staple in many professional trainers’ schedules for decades. This year, the two events boast $22,000 in added money.
Linzie Lindsey and Fame Dancin Yola claimed the Round 1 win with a 17.577 for $1,959. Barbara Merrill rode TKW Eye Am Tess to the 2D win.
After finishing out of the 1D money in Round 1, Loralee Ward and Dark Honey ran the fastest time of the futurity with a 17.030 to claim the Round 2 win. The duo also earned the Futurity Reserve Championship for $1,652.
Lindsey and Fame Dancin Yola finished second in Round 2 with a 17.164, adding $1,603 to their futurity earnings and claiming the Futurity Championship for another $2,019.
Jenna Duhon and PMC AintSheBeautiful earned the Round 2 2D win. In the 2D Average, it was Estella Martin and Quanahs Kingdom claiming the win.
Round 1 of a very tough Derby went to Jana Bean and Feature This Goodbye with a 17.268. 2025 futurity standout Blissful Version and Lora Nichols finished second in Round 1 with a 17.282, won Round 2 with a 17.032, and claimed the Average win.
“Buddy” and Nichols were in contention for the highest money-earning futurity horse of the previous season, before the cancellation of the last two major events of the season due to EHV-1. By $7 million sire Winners Version, Buddy banked over $300,000 in his futurity year.
Megan McLeod-Sprague and Seis Corona (“Jagger”) were hot off the 2025 National Finals Rodeo. The duo won the Roohide Hot Rod with a 17.004 for $1,368. They also earned the Friday Open 1D win for $1,083.
With the first 16-second run of the weekend, Sherry Cervi and MP Meter My Fame won the Saturday Open 1D with a 16.969.
Rita Cheeney and HP Dash Ta Fairfax ran the only other sub-17-second run of the weekend, with a 16.996 that took the top spot in Sunday’s Open 1D.
Nichols and Buddy doubled down on their derby earnings, placing deep in the Open 1D both days, as well as the Roohide Hot Rod, and Big Time Boss.
Youth competitor Tabitha Dyal also had an outstanding weekend, earning Open 1D money Friday, Saturday, and Sunday aboard Slym Shady. She swept the Youth 1D on Slym Shady and earned Open 1D, Open 2D, and Youth 1D checks on Promise Me Fame Guys and Smooth Operraider. Dyal wrapped up her weekend with several checks in the Big Time Boss.
Authorities say a prominent California agriculture heir is accused of traveling to Arizona to kill his estranged wife amid a bitter divorce, a case now drawing national attention for its cross-state trail and high-profile ties.
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