Two bills, HB 487 and SB 550 in Florida – aimed at allowing a maximum of 10% of the state fund to be invested in Bitcoin to establish a state cryptocurrency reserve fund – were withdrawn from consideration on May 3, as they were not passed before the session ended on May 2.
Similarly, efforts to establish a fund in South Dakota, Montana, and many other states have also been unsuccessful. Arizona is still awaiting approval of two related drafts.
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