Florida plans to allow state treasurers and pension boards to invest in bitcoin and digital asset ETFs
2025-10-16 23:15:06
The Florida House of Representatives has introduced HB 183, a bill that would allow state treasurers and state pension boards to invest up to 10% of public funds in bitcoin, tokenized securities, NFTs and crypto ETFs. The bill positions bitcoin as a potential store of value and a hedge against inflation for state money, and allows residents to use digital assets to pay some taxes and fees, which will be converted into dollars and deposited into the state treasury. The bill, if passed, requires Senate approval and the governor's signature, and is scheduled to take effect on July 1, 2026. The move continues a trend of states pushing for bitcoin reserve plans in 2025.
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