Florida is officially withdrawn from the growing movement among American states to set up a Strategic Bitcoin Reserve (SBR).
According to the website of the Senate of Florida, legislators have postponed and withdrawn two critical documents for an indefinite period of time, House Bill 487 And Senate account 550To make public investments in Bitcoin possible.
Despite two -footed support, especially for HB 487 in the committee phase, the accounts were established early in the legislative process. Data from Bitcoin laws confirm that neither Bill went beyond the hearing of the first committee.
Meanwhile, Samuel Armes, founder of the Florida Blockchain Business Association, suggested The conversation is not over. He noted that, although the bills seem to be stuck, there are still ways to re -introduce the language through budget negotiations that are currently underway.
He said:
“For the person on the outside, the bills seem dead, but for those on the inside we still have a month to keep pushing.”
Slows Bitcoin’s Reserve Bill Momentum?
Florida’s retreat follows the Governor of Arizona Katie Hobbs’ high -profile veto of a similar proposal.
Hobbs mentioned the absence of reliable historical data about Bitcoin’s performance as the reason to reject what was then the most advanced SBR account in the nation.
The retreat in Florida now contributes to a wider delay throughout the country. Until now, at least eight states, including Arizona, Montana, North Dakota, Oklahoma, Pennsylvania, South Dakota and Wyoming, have paused or left similar initiatives.
Nationally, the number of states actively considering SBR-related legislation has fallen to 19, with 36 accounts that are still being discussed. These proposals are intended to reform how to record long -term reserves by recording decentralized digital assets such as Bitcoin.
In the meantime, efforts for the initiative are continuing at the federal level. President Donald Trump has signed an executive order that leads the development of a national Bitcoin reserve.
However, some industry experts remain skeptical about the plan. Co-founder of Bitmex Arthur Hayes claimed that the US will probably not expand its interests due to tax care and persistent prejudices against Bitcoin culture.
