Florida has officially withdrawn House Bill 487 and Senate Bill 550, halting its plans to establish a state-level Bitcoin reserve.
Both bills were indefinitely postponed on May 3, according to the Florida Senate.
The legislative session ended without passing the crypto-related proposals.
HB 487 aimed to allow up to 10% of certain state funds to be invested in Bitcoin ($BTC ).
Lawmakers focused on other issues like water fluoridation bans, school smartphone policies, and state park protections.
The session was extended until June 6, but Bitcoin reserve plans are off the table for now.
This move reflects a growing divide among U.S. states on adopting strategic Bitcoin reserve policies
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