FLORIDA INDEFINED TWO BITCOIN BACKGROUND PROJECTS
By Hannah Pérez
Two bills related to Bitcoin reservations, the Senate and the House of Representatives, have been “indefinitely postponed and retired from consideration“In Florida.
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- Florida fails the plan to establish a state bitcoin reserve.
- Two bills have been “indefinitely postponed and retired from consideration“Legislative.
- Six other states have also rejected similar projects, but some remain in the race.
Two cryptocurrency bills have been fooled in Florida, leaving in the background the ambitions of the United States states to build strategic reserves of Bitcoin.
Florida has eliminated two bills that proposed the creation of a reserve from its legislative process Bitcoin at the state level. On the website of the state legislature, it is read that both bill 487 of the Chamber and Senate bill 550 were “indefinitely postponed and retired from consideration“
Both laws had been presented in February and had similar objectives, proposing to authorize the State’s financial director to invest certain public funds in Bitcoin.
The Subcommittee of Insurance and Banking of Florida had unanimously approved the bill “HB 487”, although there were still more committees for progress to the Chamber. This project proposed to allow Florida’s financial director and the State Administration Board to invest up to 10% of certain state funds in Bitcoin.
With the withdrawal of the two bills, Florida now joins the states that have abandoned efforts to establish state reserves of Bitcoin. Oklahoma, Montana, South Dakota, Wyoming, North Dakota and Pennsylvania are also part of this list of states where similar legislative projects have failed or have been rejected.
More than a dozen states in the United States moved towards the adoption of Bitcoin as a treasury reserve asset at the beginning of this year in the middle of the promises of President Donald Trump to establish such a reserve at the federal level.
Trump, who entered for his second mandate in the White House in January, signed an executive order in March to establish a strategic reserve of Bitcoin nationally. The historical decision motivated both states of the country and other countries towards discussion.
There are a number of other states with pending bills, most of which remain in the initial phase of the committee. Arizona is currently the most advanced state in these plans, with the bill “SB 1373” waiting for a vote. New Hampshire has also made great progress in this direction.
A few days ago, a project in Arizona faced the rejection of Governor Katie Hobbs after having been approved by the Chamber in a 31-25 vote. This project would have allowed up to 10% of Arizona’s state funds to be assigned to digital assets.
Hannah Estefanía Pérez / Diariobitcoin
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