Florida has hit pause on two key Bitcoin reserve proposals. House Bill 487 and Senate Bill 550, which would’ve allowed investment in Bitcoin using specific public funds, were both indefinitely postponed on May 3. The bills aimed to authorize the state's Chief Financial Officer to make limited Bitcoin allocations—yet neither made it past the finish line as the 2025 legislative session closed.
With their withdrawal, Florida joins other states facing resistance in adopting state-level crypto investment laws. Notably, Arizona’s similar bill was recently vetoed by Governor Katie Hobbs, despite prior progress. Only a few states like New Hampshire remain active in pushing forward with such legislation.
Conclusion:
The indefinite delay in Florida’s Bitcoin reserve bills signals ongoing political hesitation. While momentum exists in other states, regulatory certainty for crypto at the public fund level remains elusive.
Takeaways:
Florida withdraws two pro-Bitcoin bills
Arizona also vetoed a similar proposal.
Crypto regulation still faces legislative roadblocks.
Source: THEBLOCK
