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The US State Could Not Reach a Decision on Bitcoin in This Area, Closed Without Acceptance! - Coin Bulletin
Florida has delayed the progress of two bills that would allow some public funds in the state to invest in Bitcoin.
According to the official website of the Florida State Legislature, on May 3, the House Bill No. 487 and Senate Bill No. 550 were "indefinitely postponed and withdrawn from the agenda." Both bills were introduced in February and aimed to allow public funds to invest in Bitcoin. However, on May 2, the Florida State Legislature adjourned its session for 2025 without passing these laws.
Bitcoin Laws, which conducts research on Bitcoin laws, made a statement in a post, saying, "The state assembly closed the 2025 session without passing the bills." With this development, Florida seems to have taken a step back from its initiative aimed at legalizing crypto asset investments at the state level.
Across the United States, the proposals from Arizona and New Hampshire stand out as the projects that have made the most progress compared to similar laws. Last week, Arizona Governor Katie Hobbs vetoed the bill that would authorize the state treasurer and retirement systems to invest 10% of their funds in cryptocurrencies like Bitcoin.