According to PANews, Florida House Bill 487 and Senate Bill 550 have been indefinitely postponed and withdrawn from consideration as of May 3. The bill was originally intended to allow the state treasury to invest up to 10% of public funds in Bitcoin.
The Florida legislature did not pass the relevant legislation before the end of its May 2 meeting, officially exiting the state-level Bitcoin reserve bill race. Similar bills have failed in South Dakota, Montana, and other places. In contrast, Arizona still has two related proposals pending.
