Key Developments in Crypto Today
Today in crypto news, Arizona Governor Katie Hobbs vetoed a bill intended to allow the state to include Bitcoin in its official reserves, which would have made Arizona the first US state to adopt such a policy. The Digital Assets Strategic Reserve bill aimed to permit Arizona to invest seized funds into Bitcoin but was struck down by Governor Hobbs, who emphasized sound investment practices. Additionally, Apple has modified its crypto application rules, allowing developers to operate within its ecosystem without significant restrictions or fees, following an antitrust ruling against the company. Judge Yvonne Gonzalez Rogers noted that Apple violated a previous injunction concerning competitive conduct. In another development, CIA Deputy Director Michael Ellis described Bitcoin's significance for national security, revealing that the agency is incorporating cryptocurrency in its operations as it gains acceptance among institutions. Ellis remarked on the ongoing need for the U.S. to be competitive against adversaries like China in this evolving landscape.
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