Summary
- It was reported that Florida's strategic Bitcoin reserve bill has been indefinitely postponed and withdrawn from consideration.
- This bill allowed up to 10% of the state budget to be invested in Bitcoin, but it is being withdrawn.
- Other states like Wyoming and South Dakota have also rejected Bitcoin reserve bills.
It has been revealed that some of the ambitious strategic Bitcoin (BTC) reserve bills that emerged in various states in the United States are being withdrawn.
On the 6th (local time), the cryptocurrency specialist media outlet Cointelegraph reported that according to the Florida Senate website, Florida House Bill 487 and Senate Bill 550 have been 'indefinitely postponed and withdrawn from consideration.'
House Bill 487 is a bill that allows the Florida Treasurer and the State Administrative Board to invest up to 10% of the state budget in Bitcoin, and it was introduced last February. Similarly, Senate Bill 550 is also a bill that focuses on allowing state funds to be invested in Bitcoin.
Florida is not the only state to withdraw the strategic Bitcoin reserve bill. So far, Wyoming, South Dakota, North Dakota, Pennsylvania, Montana, and Oklahoma have also rejected state strategic Bitcoin reserve bills.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
