Florida lawmakers have introduced a bill to establish a state-level Bitcoin reserve fund, creating a cryptocurrency fund managed by the Chief Financial Officer and overseen by an advisory committee. The bill stipulates that assets with a market capitalization of at least $500 billion over the past 24 months are eligible for inclusion in the reserve, with Bitcoin currently being the only cryptocurrency meeting the criteria. The bill also mandates institutional custody, external audits, and biennial reporting, positioning the reserve as a potential inflation hedge and a strategic move toward the future digital economy.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Florida lawmakers have introduced a bill to establish a state-level Bitcoin reserve fund, creating a cryptocurrency fund managed by the Chief Financial Officer and overseen by an advisory committee. The bill stipulates that assets with a market capitalization of at least $500 billion over the past 24 months are eligible for inclusion in the reserve, with Bitcoin currently being the only cryptocurrency meeting the criteria. The bill also mandates institutional custody, external audits, and biennial reporting, positioning the reserve as a potential inflation hedge and a strategic move toward the future digital economy.