- Florida’s resolution follows a broader development of legislative setbacks surrounding Bitcoin reserve proposals.
- Related payments have been shelved or blocked in states like Wyoming, Pennsylvania, Oklahoma, Montana, North Dakota, and South Dakota.
- Solely 19 US states are nonetheless actively exploring laws associated to state Bitcoin reserves.
Florida has withdrawn two key payments aimed toward making a state-level strategic Bitcoin (BTC) reserve, marking a major pause in momentum for state-driven crypto investment efforts throughout the US.
Home Invoice 487 and Senate Invoice 550, each launched in February 2025, have now been “indefinitely postponed and withdrawn from consideration,” according to the Florida Senate web site.
The payments had sought to authorize the usage of 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 checklist of states backing away from formal crypto reserve laws.
A number of states stall on BTC funding plans
Florida’s resolution follows a broader development of legislative setbacks surrounding Bitcoin reserve proposals.
Related payments have been shelved or blocked in states like Wyoming, Pennsylvania, Oklahoma, Montana, North Dakota, and South Dakota.
Whereas many of those initiatives stay in early committee levels, few have progressed far sufficient to safe full legislative approval.
Arizona had proven probably the most progress earlier this yr with SB 1025, which handed a state Home vote earlier than being vetoed by Governor Katie Hobbs.
The invoice would have permitted funding of seized state funds into Bitcoin, representing probably the most superior try at institutional BTC adoption on the state degree.
Regardless of the veto of SB 1025, Arizona continues to be contemplating SB 1373, a separate proposal that may permit as much as 10% of state funds to be allotted to digital belongings, together with Bitcoin.
Nonetheless, that invoice has but to succeed in a ultimate vote, and its destiny stays unsure amid rising legislative warning.
Is Bitcoin laws dropping 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 payments underneath dialogue.
The quantity has dropped considerably over the previous six months, reflecting elevated hesitation amongst lawmakers attributable to market volatility, fiscal dangers, and regulatory uncertainty.
A lot of this retreat has been attributed to issues like these cited by Arizona Governor Katie Hobbs, who pointed to the dearth of long-term historic information supporting Bitcoin’s stability or reliability for public fund administration.
Regardless of 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.
Nonetheless, skepticism stays. BitMEX co-founder Arthur Hayes just lately argued that the US is unlikely to meaningfully increase its crypto holdings, citing entrenched monetary conservatism and cultural resistance towards Bitcoin.