Bitcoin is trading around USD 108,469, down ~2.4% intraday.
In what could be a landmark shift, Florida lawmakers have introduced House Bill 183, which would allow the state’s Chief Financial Officer to invest up to 10% of certain public funds (including general revenue, trust funds, and pension assets) into digital assets like Bitcoin and crypto ETFs. The bill also stipulates rigorous custody requirements and governance controls.
This move is being closely watched given past state-level attempts: earlier bills in Florida (HB 487, etc.) were withdrawn in 2025 amid pushback. Meanwhile, several other states attempted similar reserves but failed to pass. Bloomberg
Markets have responded with cautious but increased volatility: Bitcoin’s volume has ticked upward as traders weigh the implications of potential new institutional demand. Sentiment is bifurcated—some bullish on state-level adoption, others wary of political and regulatory risks.
#BTC #FloridaCrypto #StateReserve
