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Florida Backpedals on Bitcoin Reserve Plan—Politicians Get Cold Feet on Crypto

Florida Backpedals on Bitcoin Reserve Plan—Politicians Get Cold Feet on Crypto

Coindesk
Author:
Coindesk
Release Time:
2025-05-06 09:23:53
0

Florida Withdraws Strategic Bitcoin Reserve Bills From Consideration

Florida’s legislature quietly shelved two bills that would’ve established a state strategic Bitcoin reserve—just months after grandstanding about becoming a ’crypto haven.’

The move comes as Bitcoin flirts with new all-time highs, proving once again that politicians prefer chasing trends rather than setting them. No official reason given, though insiders whisper about ’regulatory complexities’ (read: lobbyists panicking over disrupted revenue streams).

Meanwhile, institutional investors keep stacking sats. Maybe next legislative session they’ll draft bills in Solana for faster flip-flopping.

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