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Florida drops Strategic Bitcoin Reserve plans as bills are withdrawn indefinitely
The US state of Florida has indefinitely postponed and withdrawn two crypto bills to form the Strategic Bitcoin Reserve from consideration. The two bills, House Bill 487 (HB 487) and Senate Bill 550 (SB 550), which aim to allocate up to 10% of public funds to BTC, were closed on Saturday. Meanwhile, the Arizona bill remains in the race, awaiting the governor’s approval. The Florida Senate announced on Saturday that two crypto bills for establishing a Strategic Bitcoin Reserve were indefinitely postponed and withdrawn from consideration. HB 487 and SB 550, which aim to allocate up to 10% of public funds to BTC, were ... (full story)
