• Florida’s determination follows a broader pattern in legislative setbacks surrounding the Bitcoin Reserve proposal.
• Related payments have been shelved or blocked, together with Wyoming, Pennsylvania, Oklahoma, Montana, North Dakota and South Dakota.
• Solely US states are nonetheless actively investigating legal guidelines associated to state reserves.

Florida has withdrawn two key payments aimed toward creating state-level strategic Bitcoin (BTC) reserves, indicating a serious pause in momentum in state-driven crypto funding efforts throughout the USA.

In line with the Florida Senate web site, Home Invoice 487 and Senate Invoice 550 had been launched in February 2025 and “had been postponed indefinitely and withdrew from consideration.”

The invoice seeks to permit public funds for use to spend money on Bitcoin, indicating a possible change in the best way states handle reserves.

Their withdrawal makes Florida the most recent on the state’s rising checklist of legal guidelines which are away from formal crypto-preservation legal guidelines.

A number of states stall with BTC funding plans

Florida’s determination follows a broader pattern in legislative setbacks surrounding the Bitcoin Reserve proposal.

Related payments have been shelved or blocked, together with Wyoming, Pennsylvania, Oklahoma, Montana, North Dakota and South Dakota.

Many of those initiatives are within the early committee stage, however few have made sufficient progress to make sure full legislative approval.

Arizona confirmed probably the most progress with the SB 1025 earlier this 12 months.

The invoice would have allowed the funding of seized state funds into Bitcoin, representing probably the most refined try at institutional BTC adoption on the state stage.

Regardless of the SB 1025 veto, Arizona continues to be contemplating the SB 1373. That is one other proposal that can permit as much as 10% of state funds to be allotted to digital belongings, together with Bitcoin.

Nevertheless, the invoice has not but reached its last vote, and its destiny stays unsure as legislative consideration grows.

Is Bitcoin legislation dropping steam nationwide?

Bitcoin legislation information exhibits that solely US states are actively investigating Bitcoin reserves (SBRs), with 36 payments being mentioned.

This quantity has dropped considerably over the previous six months, reflecting a rise in hesitancy amongst lawmakers attributable to market volatility, fiscal danger and regulatory uncertainty.

A lot of this hideout comes from issues cited by Arizona Gov. Katie Hobbs.

Regardless of slowing on the state stage, the Bitcoin Reserve debate has gained traction within the federal authorities.

President Donald Trump reportedly signed an company supervisory physique to discover the feasibility of the nation’s Bitcoin reserve system.

Nonetheless, skepticism stays. Bitmex co-founder Arthur Hayes lately argued that the US is unlikely to considerably develop crypto holdings, citing persistent monetary conservatism and cultural resistance to Bitcoin.