Florida

On May 6, 2025, Florida became the eighth state this year to reject the Bitcoin reserve fund bill, as two bills HB 487 and SB 550 were pulled from the agenda on May 3, marking a decline in faith in this policy. Is this the end of Bitcoin ambitions at the state level? Let's analyze in detail.

Florida Withdraws: An Unnoticed End

The two bills HB 487 and SB 550 at #Florida , proposing to allocate up to 10% of public funds into Bitcoin, have been "indefinitely postponed and withdrawn from consideration" as the legislative session ended on May 3. This failure ends the effort to establish a crypto reserve fund at the state level, despite receiving significant attention since President Donald Trump pledged support for Bitcoin.

The Florida Congress officially withdrew two bills aimed at creating a strategic Bitcoin reserve at the state level. These are House Bill 487 and Senate Bill 550, which proposed allowing investment of up to 10% of state funds, including from the General Revenue Fund and the Budget Stabilization Fund, in Bitcoin (BTC). The bills, submitted in February, also included the possibility of using BTC in exchange-traded products and establishing strict storage and compliance requirements. However, on May 3, before the end of the legislative session, both documents were 'indefinitely postponed and withdrawn from consideration,' halting Florida's plans for cryptocurrency reserves.

In a surprising turn of events, Florida has officially scrapped its plans to invest public money in Bitcoin — despite early support and bold ambitions.
Here’s what went down:
Two major bills — HB 487 and SB 550 — aimed at creating a Strategic Bitcoin Reserve using state funds were withdrawn and shelved on May 3, just as the legislative session closed.
That means:
No Bitcoin-backed treasury
No BTC investment from public funds
And no first-mover advantage for Florida in crypto finance
What was the plan?
HB 487 would've allowed Florida to invest up to 10% of key public funds — like the General Revenue Fund — into Bitcoin.
It even had clauses for BTC lending, exchange-traded products, and strict compliance rules.
But despite passing its first committee hearing unanimously, the bill died quietly without a final vote.
Florida’s not alone...
Similar efforts failed in Wyoming, South Dakota, Pennsylvania, Montana, North Dakota, and Oklahoma — even after some made significant progress.
Why the retreat?
Bipartisan concerns
Market volatility
Bitcoin still seen as “untested” for public finance
And good ol’ political hesitation
Arizona is still in the race
It passed two bills — SB 1025 and SB 1373 — to build a BTC reserve, but Gov. Katie Hobbs vetoed SB 1025.
Still, HB 2749 and SB 1373 remain active — proposing budget-neutral and limited Bitcoin investments.
What does it all mean?
The U.S. isn’t quite ready to back Bitcoin with state dollars — yet.
But pressure is building. As inflation bites and fiat fears grow, more states will revisit this question.
And whoever leads the charge next could shape the financial future of public governance.
Do you think states should invest in Bitcoin?
Or is it too risky for taxpayer money?
Drop your thoughts below!
#Bitcoin #Florida #CryptoNews #BTCReserve #PublicFunds

Metaplanet, a Japanese investment company known for its Bitcoin accumulation strategy, has just announced an ambitious expansion plan in the U.S. After surpassing the milestone of holding 5,000 BTC, the company has established a subsidiary in Florida with the goal of raising $250 million, marking a significant step in entering the world's largest financial market. Below is a detailed summary of this plan, from development strategies to potential impacts on the cryptocurrency market.

The Pi Network 🌐 is making waves in the crypto world again—this time with a major real-world adoption milestone! 🎉 Businesses in Florida, USA 🌞🏖️ have started accepting PI Coin as payment, marking a huge step toward mainstream usability! Let’s dive into this exciting development. 👇🔍

📌 What’s Happening in Florida?
Pi Network, a mobile-first cryptocurrency 📱⛏️ that aims to bring crypto to the masses, has seen growing merchant adoption in Florida. Some local businesses 🏬, including restaurants, retail stores, and service providers, are now accepting PI Coin as payment! 💳🪙
This move signals a new era of real-world crypto adoption 🌍—no longer just a mining project, Pi is becoming a usable currency! 💥

💡 Why Is This a Big Deal?
Pi Network has been one of the most anticipated blockchain projects, with millions of users worldwide 🌎📈. While many critics doubted its real-world use, this Florida adoption proves that Pi can function as a legitimate payment method! 💰✅
Here’s why it matters:
✔️ Real-World Utility – Businesses accepting PI Coin show that it’s not just a speculative asset, but an actual currency. 🏦🛍️
✔️ Boosts Credibility – Many crypto projects struggle to gain real-world adoption. Pi is proving the skeptics wrong! 🎯🔥
✔️ Encourages More Adoption – As Florida leads the way, other regions might follow. 🌎📢

🛒 What Can You Buy with PI Coin?
Early reports suggest that a variety of businesses are now open to accepting PI, including:
🍔 Restaurants & Cafés – Buy a meal with your mined Pi! 🍕🥤
🛍️ Retail Shops – Clothing, accessories, and more! 👗👟
💇‍♂️ Salons & Barbers – Get a fresh haircut with crypto! ✂️💈
💻 Tech Services – Some businesses now accept Pi for gadgets & repairs! 💾🔧
This is just the beginning—more businesses are expected to join as confidence in Pi’s future grows! 🚀

🔮 What’s Next for Pi Network?
With Florida setting the trend, could this be the start of a global movement? 🌍💭 Here’s what might happen next:
1️⃣ More U.S. States Join In 🇺🇸 – Other cities may start accepting Pi as its popularity grows! 📈
2️⃣ International Adoption 🌏 – Businesses worldwide might see Pi as an alternative to traditional payment systems. 💱
3️⃣ Pi’s Open Mainnet Launch ⏳ – A fully launched Pi blockchain would enable seamless transactions globally! 💻🔗
Pi’s long-awaited Open Mainnet is still on the horizon, and this Florida adoption could accelerate its launch! 🚀💡

💬 What Do You Think?
Is this the breakthrough moment for Pi Network? 🤔💭 Would you use PI Coin for daily transactions? 💳🛍️ Drop your thoughts in the comments below! 👇💬
#PiNetwork #CryptoAdoption #Bitcoin #Florida #Blockchain 🚀
$BTC
$ETH
$BNB

The cryptocurrency market has just received extremely positive news: The state of Georgia (USA) has introduced its second Bitcoin Reserve bill (SB 228), allowing the state government to invest in Bitcoin without any limits on the amount. This is a significant step forward, demonstrating the increasing acceptance of Bitcoin in the traditional financial system.
Bitcoin Recognized as a Strategic Asset