[Florida Plans to Allow State Treasurer and Pension Board to Invest in Bitcoin and Digital Asset ETFs] The Florida House has proposed HB 183, which aims to allow the state treasurer and state pension board to invest up to 10% of public funds in Bitcoin, tokenized securities, NFTs, and encrypted ETFs. The bill positions Bitcoin as a potential store of value and inflation hedging tool for state funds, and allows residents to use digital assets to pay a portion of taxes, with payments converted into dollars deposited into the state treasury. If the bill passes, it will also require Senate approval and the governor's signature, aiming to take effect on July 1, 2026. This move continues the trend of states promoting Bitcoin reserve plans in 2025.
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Florida plans to allow the state treasurer and the pension committee to invest in Bitcoin and digital asset ETFs.
[Florida Plans to Allow State Treasurer and Pension Board to Invest in Bitcoin and Digital Asset ETFs] The Florida House has proposed HB 183, which aims to allow the state treasurer and state pension board to invest up to 10% of public funds in Bitcoin, tokenized securities, NFTs, and encrypted ETFs. The bill positions Bitcoin as a potential store of value and inflation hedging tool for state funds, and allows residents to use digital assets to pay a portion of taxes, with payments converted into dollars deposited into the state treasury. If the bill passes, it will also require Senate approval and the governor's signature, aiming to take effect on July 1, 2026. This move continues the trend of states promoting Bitcoin reserve plans in 2025.