Florida Lawmaker Revives Bill for State Investment in Bitcoin and Digital Assets

A Florida House Republican has revived a bill allowing the state to invest in Bitcoin and other digital assets, potentially reshaping Floridas financial landscape.

• The revised Florida House Bill 183 permits state and public entities to invest up to 10% of their funds in digital asset categories like Bitcoin and crypto ETFs.
• This renewed effort follows the withdrawal of a previous proposal in June, indicating ongoing legislative interest in integrating digital asset investments within Floridas financial framework.
• The bill aims to diversify Floridas investment portfolio, reflecting a growing trend among states to explore the potential of digital asset markets in public finance.