Florida has introduced a new bill that would authorize the state to invest public funds in Bitcoin and other digital assets. The legislation, filed as House Bill 183 and sponsored by Rep. Webster Barnaby, would allow the Chief Financial Officer (CFO) and the State Board of Administration to manage portions of state funds in Bitcoin and digital asset exchange-traded products.
The move aligns with broader institutional adoption trends. The US established a strategic Bitcoin reserve managed by the Treasury in 2025, incorporating forfeited assets as a store of value. Institutional players like BlackRock and Fidelity have expanded Bitcoin-related fund offerings, supporting the infrastructure that could facilitate state-level adoption.
Recent policies allowing digital assets in retirement plans have created a precedent for Florida’s reserve strategy. The legislation represents Florida’s effort to position itself among states pioneering crypto asset integration into public investment frameworks, treating Bitcoin as a strategic reserve option alongside traditional state fund allocations.
Elon Musk's artificial intelligence company xAI has filed a federal lawsuit challenging Minnesota's landmark law banning AI-powered "nudification" technology, arguing…
Bitcoin climbed toward $65,000 as an unusual shift in traditional financial markets created one of the rarest conditions…
Hyperscale Data has sold 100 Bitcoin to accelerate development of its planned artificial intelligence campus in Michigan, sending shares…
A newly launched memecoin called PIPEDOG ($PIPEDOG) became the latest breakout token on Robinhood Chain, surging more than 140x within…
BNY, the world's largest custodian bank, is bringing one of its core financial businesses onto…
A bipartisan group of U.S. senators has reportedly reached a new compromise on the ethics provisions of…