Regardless of the US authorities shutdown persevering with for 2 weeks, necessary progress continues.
At this level, the most recent information comes from Florida, probably the most populous states in the US.
Accordingly, a invoice has been launched by Florida Republican Congressman Webster Barnaby that may enable the state to spend money on digital property corresponding to Bitcoin and cryptocurrency ETFs.
Home Invoice 183 (HB183), filed within the Florida Home of Representatives, would enable as much as 10% of sure public funds, together with the Basic Income Fund, Finances Stabilization Fund, and numerous belief funds, to be invested in cryptocurrencies corresponding to Bitcoin (BTC) and ETFs.
HB183 would due to this fact give state chief monetary officers (CFOs) and the Board of Governors the authority to spend money on and handle Bitcoin and ETFs.
The invoice would additionally enable Floridians to pay sure taxes and costs with digital property. These funds could be transformed into {dollars} and transferred to the state's basic fund.
HB 183 positions Bitcoin as a retailer of worth and a hedge towards inflation and is scheduled to enter impact on July 1, 2026.
HB183 at the moment awaits committee approval. The invoice should cross the Senate and be signed by the governor to take impact.
Florida's transfer follows a rising nationwide development towards state insurance policies towards investing in Bitcoin and cryptocurrencies. Arizona, New Hampshire, and Texas have enacted comparable Bitcoin reserve legal guidelines beginning in 2025, reflecting a rising urge for food for crypto diversification on the state stage.
*This isn’t funding recommendation.
