🔥🚨 FLORIDA SCRAPS STATE BTC RESERVE — LEGISLATIVE RACE HEATS UP! 🚨🔥
🏛️ Bill Blowout: Florida just withdrew House Bill 487 and Senate Bill 550, shelving plans for a state-level Bitcoin reserve—both bills were indefinitely postponed on May 2.
💰 Invest Public Funds? These twin bills had aimed to let Florida invest up to 10% of public funds in BTC, mirroring proposals in Wyoming, Pennsylvania & Oklahoma that also stalled.
🌪️ State Exit: With Florida’s exit, they join fellow stalling states—Wyoming, Pennsylvania, Oklahoma, Montana—while Arizona presses on with SB 1373 and its own reserve ambitions.
💥 Political Push-Pull: The withdrawals came just as budget talks wrapped, underscoring crypto’s legislative hurdles even in pro-crypto territories.
🔍 Industry Take: Analysts warn repeated bill failures could slow state-level adoption, shifting momentum to federal action or more crypto-friendly states.
📈 Market Ripples: BTC dipped 1.2% in midday trading as Florida’s move underscored regulatory headwinds, but major bull signals remain intact.
🌎 Race to Lead: With Florida bowing out, eyes turn to Arizona (vetoed by its governor but still alive) and Texas—which passed its BTC reserve bill earlier this year.
🔗 Federal Backstop: Meanwhile, the U.S. Strategic Bitcoin Reserve deadline looms (May 5), with federal agencies outlining how to steward seized BTC—all roads lead to DC.
🚀 Next Steps: Watch for renewed pushes in state legislatures post-summer recess—and whether Florida lawmakers revisit crypto funds later in 2025.
💬 Sound Off: Is Florida’s withdrawal a setback or just a pause? Which state will snag the crown for America’s first BTC reserve? Drop your take below! 🔥
🔁 REPOST to alert your network!
👀 FOLLOW@FaisalCrypto007 for nonstop crypto-policy updates and trade-ready alerts.
#FloridaCrypto #BTCReserve #CryptoPolicy #BitcoinReserveDeadline #Faisalcrypto007
