The Florida Senate has indefinitely postponed consideration of two bills that would allow the government to invest public funds in the creation of a Bitcoin #BTC reserve.
One of the bills, House Bill 487, titled “Investing Public Funds in Bitcoin,” was introduced back in February 2025 and already had its first successful hearing in a Senate committee on April 10.
If passed, the bill would allow the state finance director and the state Board of Administration to allocate up to 10% of state funds, including the General Revenue Fund and the Budget Stabilization Fund, to Bitcoin.
The bill also included provisions for $BTC BTC lending and its use in exchange-traded products, as well as strict storage and compliance requirements. A companion bill, House Bill 550, filed the same month, provided for similar investments from the state of Florida.
Florida has become another US state where attempts to create a Bitcoin reserve have failed. Previously, similar bills failed to pass the House or Senate in Wyoming, South Dakota, North Dakota, Pennsylvania, Montana and Oklahoma.
