Florida's Bitcoin reserve bills, HB 487 and SB 550, have been indefinitely postponed and withdrawn from consideration

Florida’s proposed state Bitcoin reserve legislation, House Bill 487 and Senate Bill 550, was removed from consideration after the legislature adjourned its 2025 session without advancing either measure. The bills had sought to authorize Florida officials to invest up to 10% of certain public funds in Bitcoin and related digital assets, but the Senate recorded both measures as “indefinitely postponed and withdrawn from consideration” on May 3, 2025. The bills were part of a broader wave of state-level efforts to create strategic Bitcoin reserves, a policy idea aimed at putting public money into Bitcoin as a state-held asset. Florida’s retreat is significant because it shows how difficult it has been for these proposals to move even in states with pro-crypto lawmakers, and it leaves New Hampshire as the notable state that has passed similar legislation while several others, including Wyoming, North Dakota, South Dakota, Pennsylvania, Montana, and Oklahoma, have seen comparable efforts fail.

✨ AI-generated background, compiled from web sources — not editorial content.

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