Florida has removed two bills related to the creation of a State’s Bitcoin level (BTC) reserve.
House Bill 487 and Senate Bill 550 is “endlessly postponed and withdrawn from the name,” according to the State Senate website. The two bills, both filed in February, seek to allow the investment of public funds in BTC.
Florida joined many other states, such as Wyoming, Pennsylvania and Oklahoma, who saw bills related to BTC investments that failed to clear the legislative process, According to Bitcoin laws. There is a string of other states with remaining bills, most of which remain at the initial phase of the committee.
The most advanced state level process in establishing a BTC reserve was in Arizona, where SB 1025 passed a home vote at 31-25 Only to be able to by Governor Katie Hobbs. The bill suggested that the investment of the seized funds in BTC allows.
SB 1373 remains related, which will allow up to 10% of Arizona state funds to be allocated to digital ownership. This bill has not yet reached a final vote.
Read more: Swiss National Bank rejects calls to add Bitcoin reserves
