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Florida House Bill Would Authorize State Investments in Bitcoin, Digital Assets
A bill filed Friday in the Florida House would authorize the state to invest a limited share of its reserves and pension funds in Bitcoin and other digital assets under new fiscal and fiduciary guidelines. House Bill 183, filed by Rep. Webster Barnaby, would permit the state Chief Financial Officer (CFO) to invest up to 10 percent of funds in accounts including the General Revenue Fund, the Budget Stabilization Fund, and agency trust funds into digital assets or exchange-traded products that hold them. The measure defines digital assets to include Bitcoin and other cryptographically secured representations of value ... (full story)