2025-02-08
On Feb 7, 2025, Florida Republican
Senator Joe Gruters has filed a bill proposing that the state's Chief Financial
Officer (CFO) be authorized to invest public funds in Bitcoin and other
cryptocurrencies.
The bill specifies that such
investments should not exceed 10% of the total funds in any account.
Additionally, it seeks to empower the Trustees of the State Board of Administration to invest available funds from the System Trust Fund in Bitcoin, exempting these investments from certain security requirements.
The amount of state funds could grow if the bill is passed.
