Florida takes strategic Bitcoin reserve bills off the table
Florida's House Bill 487 and Senate Bill 550 have been indefinitely postponed and withdrawn from consideration, marking a setback for state-level Bitcoin reserve initiatives. The legislative session adjourned on May 2 without passing these bills, which aimed to allow investments of state funds into Bitcoin. Approximately 230 other bills were passed during the session, but none focused on diversifying state treasury portfolios. Arizona's strategic Bitcoin reserve legislation advanced further than any other state but was vetoed by Governor Katie Hobbs, who criticized digital assets as "untested investments." Arizona still has two potential bills, HB 2749 and SB 1373, which could establish a Bitcoin reserve, with HB 2749 being seen as the most viable option.
