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Florida Backtracks on Bitcoin Reserve Strategy as HB 487 and SB 550 Get Scrapped
Florida Backtracks on Bitcoin Reserve Strategy as HB 487 and SB 550 Get Scrapped
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Florida’s ambitious plan to hold Bitcoin as part of its state treasury reserves has hit a wall—lawmakers just pulled the plug on HB 487 and SB 550. The bills, which aimed to position Florida as a crypto-forward state, quietly died in committee. No official reason given—though skeptics might point to the fact that politicians still prefer their volatility in the stock market, not their reserves.
Meanwhile, Bitcoin maximalists shrug: ’States weren’t ready for sound money anyway.’
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