Tampa Bay lawmaker files bill to allow state funds to be invested in Bitcoin

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Tampa Bay lawmaker files bill to allow state funds to be invested in Bitcoin

Related video above: The impact of crypto in the 2024 election TAMPA, Fla. (WFLA) -- A Tampa Bay lawmaker filed a bill on Friday that would allow Florida's chief financial officer to invest state funds in Bitcoin. The bill, filed by Sen. Joe Gruters (R-Sarasota), allows the CFO to use the cryptocurrency "to serve as stores of value and provide a hedge against inflation, thereby protecting the purchasing power of state funds." Tampa Bay lawm…

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Senator Joe Gruters introduced a bill to allow the state's chief financial officer to invest in BTC. Read more

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Bitcoin (BTC) Gains Political Backing As Florida Considers State Investment

Florida Senator Joe Gruters introduces a bill to allow state funds to be invested in Bitcoin. The proposal permits up to 10% of certain funds to be allocated to Bitcoin. If passed, Florida would join other US states in integrating Bitcoin into their financial strategies. Florida is taking a significant step toward Bitcoin adoption with a new legislative proposal. Senator Joe Gruters has introduced a bill that would allow the state to invest a po…

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Florida Lawmaker Proposes Bill Allowing State Investment in Bitcoin - CoinCodeCap

Florida State Senator Joe Gruters has introduced a bill that would authorize the state's chief financial officer (CFO) to invest public funds in Bitcoin,

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Florida is taking a big step towards Bitcoin’s investments. Republican Senator Joe Gruters has introduced a new bill to allow Florida’s chief financial officer (CFO), public funds in Bitcoin and other Cryptocurrencies to invest. This proposal could fundamentally change the way state funds are administered and raises the question of [...] Florida’s entry wants to invest in bitcoin, what does that mean for the state? It was first published in La C…

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Sunshine State's Crypto Gamble: Florida Eyes Bitcoin For Public Funds

Sunshine State’s Crypto Gamble: Florida Eyes Bitcoin for Public Funds Florida, the land of sunshine and…Bitcoin? That’s right. A new bill proposed by Senator Joe Gruters could see the state’s chief financial officer (CFO) diving into the world of digital currency, potentially adding Bitcoin to its investment portfolio. This move isn’t just about following trends; it’s a strategic play with potentially big rewards – and significant risks. Florid…