US EditionFlorida takes strategic Bitcoin reserve bills off the table
- Florida indefinitely postponed and withdrew two bills in May 2025 that sought to allocate up to 10% of certain public funds into Bitcoin.
- These bills represented a shift from Florida's earlier support for financial innovation but faced reduced political appetite for state-backed crypto exposure.
- The bills, introduced in February 2025, ended without a floor vote despite Florida’s previous openness to crypto investments, as other states also rejected similar efforts this year.
- As of early May 2025, 36 Bitcoin reserve proposals remain active across 19 states, with Texas and New Hampshire leading legislative efforts while many others stall before floor votes.
- Florida’s decision suggests a broader trend of waning legislative support for crypto reserve bills nationwide, leaving future reconsideration uncertain amid tightening legislative calendars.
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Florida Halts Bitcoin Investment Bills
According to the Florida Legislature’s website, House Bill 487 and Senate Bill 550 were “indefinitely postponed and withdrawn from consideration” on May 3, just one day after the state’s 2025 legislative session ended. Both bills, introduced in February, aimed to grant Florida’s chief financial officer the authority to allocate certain public funds into Bitcoin. Had they passed, the legislation would have positioned Florida among a small group o…
Florida Joins Growing List of States Knocking Back Bitcoin Reserve Bills - WorldNL Magazine
In brief Florida joins at least seven states in rejecting Bitcoin reserve bills in 2025. Legislative support is thinning, with most proposals stalling before a floor vote. Texas and New Hampshire remain the top contenders, still pushing forward. Florida’s attempt to back its treasury with Bitcoin has fizzled.Two bills, HB 487 and SB 550, that sought to allocate up to 10% of select public funds to Bitcoin were officially pulled as the state’s leg…
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Bitcoin Ethereum NewsFlorida Drops Bitcoin Reserve Plans
The post Florida Drops Bitcoin Reserve Plans appeared first on Coinpedia Fintech News Florida’s proposed Bitcoin Reserve Bills, HB 487 and SB 550, have officially failed. The state legislature ended its 2025 session on May 2 without taking a vote on either measure. As a result, both bills were indefinitely postponed and withdrawn from further consideration. The proposals aimed to establish a Bitcoin reserve for the state, but they didn’t gain en…
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