EddieJayonCrypto
10 Apr 25
The Florida Insurance and Banking Subcommittee unanimously passed a bill supporting a state-level Bitcoin Reserve, marking the first state Bitcoin reserve bill to pass a House committee with no opposing votes. The bill proposes the investment of $1.5 billion in public funds to build a strategic Bitc...
Florida’s Insurance and Banking Subcommittee unanimously passed a bill supporting a state-level Bitcoin Reserve, marking the first state Bitcoin reserve bill to pass a House committee with no opposing votes. The bill proposes the investment of $1.5 billion in public funds to build a strategic Bitcoin reserve. With bipartisan support, the bill will now move to the legislature, positioning Florida as a contender in the race for a Bitcoin reserve alongside over 30 other states.
Over the last few months, a spate of Bitcoin Reserve bills has swept through US state legislatures. Although these initiatives have seen setbacks due to funding concerns, they have also had noteworthy successes. Florida has advanced in the state race for a Bitcoin Reserve and is now positioned as a strong contender in this competitive landscape.
Active Bitcoin Reserve Bills Across US States suggest that over 30 states have proposed reserve bills so far. Arizona is currently leading the race, with both of its Bitcoin bills reaching the final stage and waiting for a decision from the Senate. Meanwhile, similar bills have already failed in five states, including Montana and Wyoming. The fact that Florida’s House Committee showed unanimous support could provide the state with an edge in this race.