Florida lawmakers are setting ambitious goals for the upcoming legislative session, with a proposal that could make the Sunshine State one of the first in the U.S. to hold Bitcoin as a treasury reserve asset officially.
The proposed legislation, House Bill 183 (HB 183), would authorize the state’s Chief Financial Officer (CFO) to invest public funds in Bitcoin and other digital assets.
If approved, HB 183 would allow the state CFO to allocate up to 10 percent of any funds in certain state-held accounts into digital assets.
The Trust Fund of the Florida Retirement System, which the State Board of Administration administers, would be subject to similar guidelines and would allow up to 10 percent investment in accordance with those criteria.
The bill also promotes digital integration by permitting Floridians to pay some taxes and fees with digital assets.
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