Florida has officially scrapped its plans to establish a Strategic Bitcoin Reserve, bringing an abrupt halt to legislative efforts that would have permitted the state to invest public funds in Bitcoin. The Florida Senate marked both House Bill 487 and Senate Bill 550 as “indefinitely postponed and withdrawn from consideration,” ...
Florida has become the latest U.S. state to take a significant step toward adopting Bitcoin as a strategic reserve asset. On April 10, House Bill 487 (HB 487) received unanimous approval from the House Insurance and Banking Subcommittee, signalling strong bipartisan support for the proposal. The bill titled "Investments of ...
Two Republican candidates who received substantial backing from the crypto industry’s political action committee (PAC), Fairshake, have secured seats in the U.S. House of Representatives following special elections in Florida. Jimmy Patronis and Randy Fine, both Republicans, emerged victorious in their respective districts, according to data from the Associated Press. ...
Florida has become the latest U.S. state to consider cryptocurrency investments, as Republican Senator Joe Gruters proposes legislation permitting up to 10% of state funds to be allocated to Bitcoin and other digital assets. The bill, presented to the Florida Senate on February 7, aims to combat inflation's impact on ...
Florida’s Chief Financial Officer, Jimmy Patronis, has called on the state’s retirement fund manager to explore the potential benefits of investing in Bitcoin. In an open letter to Chris Spencer, the executive director of Florida’s State Board of Administration (SBA), Patronis described Bitcoin as “digital gold” with the potential to ...
Ron DeSantis, the governor of Florida, has officially announced his candidacy for United States Presidency in 2024, and his declaration comes with an exceptional promise to "protect" Bitcoin if elected. DeSantis announced his intentions during a Twitter broadcast on May 24, 2023. Entrepreneur and Investor David Sacks moderated the announcement ...
Governor Ron DeSantis has emphasized his commitment to preventing the adoption of centrally backed digital currencies (CBDC) in Florida. He cited concerns about their potential to monitor every transaction. He stated that Florida residents would not accept a CBDC that could allow the government to track all their transactions and ...
