Florida has shelved two major legislative efforts that would have allowed state-level investment in Bitcoin, marking a retreat from crypto-forward policymaking in the Sunshine State.
Florida has put a halt to two significant legislative endeavors that would have permitted the state to directly invest in Bitcoin from a high-level institutional standpoint.
Both bills, which were introduced in February and aimed to grant the chief financial officer the authority to allocate certain public funds into Bitcoin, have been tabled.
House Bill 487 and Senate Bill 550 were “indefinitely postponed and withdrawn from further consideration” on May 3, according to the Florida Legislature’s website. This move comes just one day after the state’s 2025 legislative session concluded.
Both bills, introduced in February, aimed to grant Florida’s chief financial officer the authority to allocate certain public funds into Bitcoin. Had they passed, the legislation would have positioned Florida among a small group of U.S. states considering direct exposure to digital assets at the institutional level.
The indefinite postponement signals that, despite Florida’s reputation for openness to financial innovation, the political appetite for state-backed crypto investments may be cooling — at least for now.
With the bills now off the table, it remains to be seen whether future sessions will revisit the issue, especially as more institutional players and U.S. states explore Bitcoin integration.
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