1 month ago
Florida has withdrawn 2 bills related to the instauration of a state-level strategical bitcoin (BTC) reserve.
House Bill 487 and Senate Bill 550 person been "indefinitely postponed and withdrawn from consideration," according to the authorities Senate website. The 2 bills, which were some filed successful February, sought to let concern of nationalist funds successful BTC.
Florida joins galore different states, specified arsenic Wyoming, Pennsylvania and Oklahoma, which person seen bills related to BTC investments neglect to wide the legislative process, according to Bitcoin Laws. There are a drawstring of different states with outstanding bills, astir of which stay successful the archetypal committee phase.
The astir precocious state-level process to establishing a BTC reserve was successful Arizona, wherever SB 1025 passed a House ballot by 31-25 only to beryllium vetoed by Governor Katie Hobbs. The measure projected permitting the concern of seized funds into BTC.
There remains the related SB 1373, which would let up to 10% of Arizona authorities funds to beryllium allocated into integer assets. This measure has yet to scope a last vote.
Read More: Swiss National Bank Rejects Calls to Add Bitcoin Reserves
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