6-5-2025 – Florida’s legislative bodies have withdrawn two groundbreaking bills that sought to incorporate Bitcoin into state investment strategies.
The proposals, which had garnered attention in financial circles, met their end as the 2025 legislative session drew to a close on 2nd May. Both House Bill 487 and its Senate counterpart, Bill 550, were officially shelved through indefinite postponement.
The development marks a notable retreat from what could have been a watershed moment for cryptocurrency adoption in American public finance. The legislative measures, introduced in February, would have empowered Florida’s chief financial officer to channel specific public funds into Bitcoin investments.
This legislative pullback emerges amidst a broader national conversation about cryptocurrency integration into state-level investment frameworks. Whilst Florida has stepped away from such initiatives, other states continue to explore similar territory. New Hampshire and Arizona have emerged as frontrunners in advancing comparable legislation, according to analyses from Bitcoin Laws, a specialist research outfit.
The timing proves particularly noteworthy, as it follows Arizona Governor Katie Hobbs’s recent veto of Senate Bill 1025. That particular legislation had proposed allowing state treasurers and retirement systems to allocate up to a tenth of their funds towards cryptocurrencies, predominantly Bitcoin.
