Florida Drops Bitcoin Reserve Bills

Florida Rejects Bitcoin Reserves

Two Florida bills aiming to allow state agencies to accept crypto for payments and explore Bitcoin as a reserve asset are effectively dead.

Bill Details

House Bill  sought to enable state entities to accept crypto for taxes, fees, and fines. Senate Bill  proposed studying the feasibility of adding Bitcoin to the state treasury.

Legislative Stalemate

Neither bill advanced past committee stages, failing to gain traction for the 2023 legislative session. This marks a setback for crypto proponents in Florida, a state previously seen as relatively crypto-friendly. While the specific reasons for the bills’ failure are unclear, it suggests a lack of legislative support for integrating cryptocurrencies into state finances at this time. The outcome leaves Florida’s stance on Bitcoin reserves unchanged.