- Florida’s determination follows a broader development of legislative setbacks surrounding Bitcoin reserve proposals.
- Similar bills have been shelved or blocked in states like Wyoming, Pennsylvania, Oklahoma, Montana, North Dakota, and South Dakota.
- Only 19 US states are nonetheless actively exploring laws associated to state Bitcoin reserves.
Florida has withdrawn two key bills aimed toward making a state-level strategic Bitcoin (BTC) reserve, marking a big pause in momentum for state-driven crypto investment efforts throughout the US.
House Bill 487 and Senate Bill 550, each launched in February 2025, have now been “indefinitely postponed and withdrawn from consideration,” according to the Florida Senate web site.
The bills had sought to authorize using public funds to spend money on Bitcoin, signaling a possible shift in how state reserves are managed.
With their withdrawal, Florida turns into the most recent in a rising record of states backing away from formal crypto reserve laws.
Multiple states stall on BTC funding plans
Florida’s determination follows a broader development of legislative setbacks surrounding Bitcoin reserve proposals.
Similar bills have been shelved or blocked in states like Wyoming, Pennsylvania, Oklahoma, Montana, North Dakota, and South Dakota.
While many of those initiatives stay in early committee levels, few have progressed far sufficient to safe full legislative approval.
Arizona had proven essentially the most progress earlier this yr with SB 1025, which handed a state House vote earlier than being vetoed by Governor Katie Hobbs.
The invoice would have permitted funding of seized state funds into Bitcoin, representing essentially the most superior try at institutional BTC adoption on the state degree.
Despite the veto of SB 1025, Arizona continues to be contemplating SB 1373, a separate proposal that may enable as much as 10% of state funds to be allotted to digital property, together with Bitcoin.
However, that invoice has but to achieve a remaining vote, and its destiny stays unsure amid rising legislative warning.
Is Bitcoin laws shedding steam nationwide?
According to data from Bitcoin Laws, solely 19 US states are nonetheless actively exploring laws associated to state Bitcoin reserves (SBRs), with 36 bills below dialogue.
The quantity has dropped considerably over the previous six months, reflecting elevated hesitation amongst lawmakers resulting from market volatility, fiscal dangers, and regulatory uncertainty.
Much of this retreat has been attributed to considerations like these cited by Arizona Governor Katie Hobbs, who pointed to the dearth of long-term historic knowledge supporting Bitcoin’s stability or reliability for public fund administration.
Despite the slowdown on the state degree, Bitcoin reserve discussions are gaining traction federally.
President Donald Trump has reportedly signed an executive order directing companies to discover the feasibility of a nationwide Bitcoin reserve system.
Still, skepticism stays. BitMEX co-founder Arthur Hayes just lately argued that the US is unlikely to meaningfully broaden its crypto holdings, citing entrenched monetary conservatism and cultural resistance towards Bitcoin.
