Florida Withdraws Bitcoin Reserve Bills from Consideration

Authorities in the state of Florida, USA, have halted the consideration of two bills that would have allowed the investment of state funds in Bitcoin.

?? State Reserve Race Update:

Both Florida’s Bitcoin Reserve Bills have failed.

The legislature adjourned its 2025 session on May 2, without passage of the bills.

HB 487 and SB 550 have been “indefinitely postponed and withdrawn from consideration.” pic.twitter.com/9TslaU80JW

— Bitcoin Laws (@Bitcoin_Laws) May 5, 2025

Experts from Bitcoin Laws noted that initiatives HB 487 and SB 550 have been “indefinitely postponed.”

The bills proposed investments in the leading cryptocurrency from several state funds. Both documents were introduced in February.

At the federal level, similar projects are most actively pursued in New Hampshire (HB 302), according to Bitcoin Laws.

Earlier, on May 2, Arizona Governor Katie Hobbs vetoed a bill that would have allowed the state treasurer and pension funds to invest up to 10% of funds in virtual assets.

In states such as Oklahoma, Montana, Pennsylvania, North and South Dakota, as well as Wyoming, attempts to create a strategic Bitcoin reserve have also failed.