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Florida Backpedals on Bitcoin Reserve Plan—Politicians Get Cold Feet on Crypto
Florida Backpedals on Bitcoin Reserve Plan—Politicians Get Cold Feet on Crypto
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Florida’s legislature quietly shelved two bills that would’ve established a state strategic Bitcoin reserve—just months after grandstanding about becoming a ’crypto haven.’
The move comes as Bitcoin flirts with new all-time highs, proving once again that politicians prefer chasing trends rather than setting them. No official reason given, though insiders whisper about ’regulatory complexities’ (read: lobbyists panicking over disrupted revenue streams).
Meanwhile, institutional investors keep stacking sats. Maybe next legislative session they’ll draft bills in Solana for faster flip-flopping.
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