Shock across the U.S.! Florida suddenly halts the 'National Bitcoin Vault' plan! 🏛️💣

Florida originally planned to take the lead by incorporating Bitcoin into its official reserves. Bills HB 487 and SB 550 were supposed to make it the first state government in the U.S. to 'hold cryptocurrency on-chain.' But just before the meeting ended on May 2, these two proposals were 'indefinitely postponed,' leaving them completely stalled.

The intention of the bills was to combat inflation, promote fiscal diversification, and bring digital assets onto the political stage. Supporters shouted 'the future is here,' while opponents expressed concerns about volatility risks and regulatory challenges.

The outcome? Florida legislators chose to hit the pause button, temporarily abandoning this radical crypto plan. Bitcoin hasn't even entered the treasury, and controversy has already swept through the political arena. Will it be 'revived and restarted' in the future? We shall see.