New bill would allow Florida to more easily invest in bitcoin

The Capitolist

Lean Right

Factuality

Ownership

Proposed legislation would allow Florida CFO to invest state funds and pensions in Bitcoin

A pair of Republican lawmakers introduced bills in the House and Senate that would grant Florida’s Chief Financial Officer (CFO) the authority to invest up to 10 percent of certain public funds in Bitcoin. The pieces of legislation, filed by Rep. Webster Barnaby and Sen. Joe Gruters, would permit the CFO to invest in Bitcoin using funds from the General Revenue Fund, the Budget Stabilization Fund, trust funds of state agencies, and any other aux…

Florida Politics

Center

Factuality

Ownership

New bill would allow Florida to more easily invest in bitcoin

New legislation would make it easier for the state to invest funds into bitcoin as the digital currency continues to steadily grow. The bill (SB 550), filed by Sarasota Republican Sen. Joe Gruters, would amend various Florida statutes to provide flexibility in investment decisions for the state while simultaneously protecting state funds against economic uncertainties and inflation. The legislation would authorize Florida’s Chief Financial Offic…

Tron Weekly Journal

Factuality

Ownership

Florida Senator Champions Bold Legislation For Bitcoin Investments In State Funds

Florida’s SB 550 proposes investing up to 10% of public funds in Bitcoin for stability. The bill grants the CFO authority to regulate and manage state investments. Bitcoin taxes and fees would be transferred to the General Revenue Fund under SB 550. Florida Senator Joe Gruters proposed a legislative initiative to allow Bitcoin investments in the state’s public fund accounts. The legislative act known as SB 550 authorizes the state to shift up to…

TECHTELEGRAPH

Factuality

Ownership

Florida Bill to Invest Public Funds in Bitcoin - TECHTELEGRAPH

Florida Senator Joe Gruters has introduced a bill that could pave the way for public funds to be invested in Bitcoin. Known as “SB 550: Investments of Public Funds in Bitcoin,” this proposed legislation would grant Florida’s Chief Financial Officer (CFO) the authority to invest various public funds in Bitcoin and other digital currencies. The bill encompasses funds like the General Revenue Fund, Budget Stabilization Fund, and trust funds, markin…

Cryptocurrency News | Cryptocurrency Prices | Market Cap

Factuality

Ownership

Bitcoin And Politics Merge: Florida Moves Toward State Crypto Investment

The American state of Florida could be one of the pioneering local governments that allows a percentage of its state funds for cryptocurrency …

La Criptomoneda

Factuality

Ownership

The U.S. state of Florida could be one of the pioneer local governments that allows a percentage of its state funds for cryptocurrency investments, particularly Bitcoin. Florida Senator Joe Gruters has introduced a bill that would allow the state of the United States to use 10% of its funds to buy [...] Florida's entry moves toward state investment in cryptography was first published in The Cryptocurrency.