{"id":156244,"date":"2025-05-06T21:00:22","date_gmt":"2025-05-06T18:00:22","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=156244"},"modified":"2025-05-06T15:32:39","modified_gmt":"2025-05-06T12:32:39","slug":"florida-shelves-bitcoin-reserve-plans-as-national-policy-hangs-in-limbo","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/florida-shelves-bitcoin-reserve-plans-as-national-policy-hangs-in-limbo\/","title":{"rendered":"Florida Shelves Bitcoin Reserve Plans as National Policy Hangs in Limbo"},"content":{"rendered":"<p>House Bill 487 and Senate Bill 550, <strong><a href=\"https:\/\/www.flsenate.gov\/Session\/Bill\/2025\/487\" rel=\"nofollow\">introduced<\/a><\/strong> earlier this year, aimed to let Florida\u2019s financial authorities allocate a portion of government-managed assets into Bitcoin\u2014up to 10% in certain cases. Despite early interest, both proposals have now been shelved indefinitely, with no clear timeline for reconsideration. The decision effectively pauses any attempt to build a state-run Bitcoin reserve.<\/p>\n<p>Florida\u2019s retreat follows a broader trend across the U.S., where multiple states have either postponed or rejected similar legislation. Efforts in places like Pennsylvania, Montana, Oklahoma, and the Dakotas have stalled, and even in Arizona\u2014where support had been building\u2014Governor Katie Hobbs vetoed a key bill on May 3, calling crypto assets \u201cuntested\u201d and unsuitable for public fund exposure.<\/p>\n<p>The only notable exception so far is the city of Roswell, which recently became the first in the country to create a local Bitcoin reserve.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-156219\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-isnt-on-the-agenda-for-berkshires-next-leader\/\" title=\"Bitcoin Isn\u2019t on the Agenda for Berkshire\u2019s Next Leader\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/berkshire-hathaway-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin Isn\u2019t on the Agenda for Berkshire\u2019s Next Leader<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Meanwhile, the entire nation is awaiting clarity from the federal level. U.S. Treasury Secretary Scott Bessent was expected to deliver a report on a nationwide Bitcoin reserve strategy following an executive order issued by President Trump in March 2025. Though the May 5 deadline has passed, no public update has been provided. The report is expected to detail how such reserves could be managed, what legal adjustments might be necessary, and whether Bitcoin is suitable for inclusion in national accounts.<\/p>\n<p>With Bitcoin currently trading near $94,000, any green light from the Treasury could have major market implications\u2014possibly even pushing the asset toward new record highs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Florida has quietly withdrawn two proposed bills that would have allowed the state to hold Bitcoin as part of its public fund strategy, stalling momentum on what was once seen as a bold move toward crypto adoption at the state level.<\/p>\n","protected":false},"author":3,"featured_media":38836,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72,424,122],"coin_category":[],"class_list":["post-156244","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-crypto","tag-trump"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Florida Shelves Bitcoin Reserve Plans as National Policy Hangs in Limbo<\/title>\n<meta name=\"description\" content=\"Florida has quietly withdrawn two proposed bills that would have allowed the state to hold Bitcoin as part of its public fund strategy...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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