Florida Abandons Bitcoin Treasury Strategy—Crypto Advocates Question Commitment to Innovation

Florida’s government scraps plans to hold Bitcoin as part of state reserves—a move that crypto bulls call a ’missed opportunity’ for modernizing public finance.

Key details: The Sunshine State had previously explored adding BTC to its balance sheet, joining a small but growing trend of governments diversifying into digital assets. Now, the proposal is officially dead.

Why it matters: While critics cite volatility concerns, Bitcoin proponents argue this represents institutional hesitation at the worst possible time—just as Wall Street firms like BlackRock are doubling down on crypto infrastructure.

Bottom line: Another case of politicians talking a big game about technological progress... until it’s time to actually innovate. (But hey—at least they didn’t sell at the bottom.)

Florida’s proposed Bitcoin Reserve Bills, HB 487 and SB 550, have officially failed. The state legislature ended its 2025 session on May 2 without taking a vote on either measure. As a result, both bills were indefinitely postponed and withdrawn from further consideration. The proposals aimed to establish a Bitcoin reserve for the state, but they didn’t gain enough traction to move forward. With the session closed, any similar effort would need to be reintroduced in a future session.