Florida Presses Pause On Bitcoin Reserve Bill: Here’s What Happened
Florida has stepped back from a proposal to allow state-managed public funds to invest in Bitcoin (CRYPTO: BTC), after House Bill 487 (HB 487) was withdrawn from legislative consideration alongside its companion Senate Bill 550.
What Happened: The withdrawal was formally recorded on May 3, a day after the Florida Legislature adjourned its 2025 session, according to public records, The Block reported.
As a result, both bills were indefinitely postponed and withdrawn from consideration, with no vote taking place in either chamber.
House Bill 487, introduced in February 2025, sought to expand the investment authority of the Florida Chief Financial Officer (CFO) by permitting the use of state-managed investment pools for purchasing Bitcoin.
Specifically, the …
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