Florida has retired two bills related to the creation of a strategic Bitcoin (BTC) reserve at the state level.
The bill 487 of the House of Representatives and the bill 550 of the Senate have been “postponed and removed from consideration”, according to the state Senate website. The two bills, which were presented in February, sought to allow the investment of public funds in BTC.
Florida joins many other states, such as Wyoming, Pennsylvania and Oklahoma, who have seen bills related to BTC investments cannot eliminate the legislative process, according to Bitcoin’s laws. There are a number of other states with pending invoices, most of which remain in the phase of the initial committee.
The most advanced state level process to establish a BTC reservation was in Arizona, where SB 1025 approved a 31-25 camera vote only to be vetoed by Governor Katie Hobbs. The bill proposed to allow the investment of funds seized in BTC.
It remains related SB 1373, which would allow up to 10% of Arizona State’s funds to be assigned to digital assets. This bill has not yet reached a final vote.
Read more: Swiss National Bank rejects calls to add bitcoins reservations
