On May 6, Cointelegraph reported that two crypto asset bills in Florida have been removed from the legislative process, marking the latest setback for the state’s strategic Bitcoin reserve goals. The Florida Senate stated that House Bill 487 and Senate Bill 550 have been “indefinitely postponed and withdrawn from consideration” as of May 3. The Florida legislative session adjourned on May 2 without passing these two bills, which aimed to advance legislation for establishing crypto asset reserves in the state.
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The Florida Senate has withdrawn its consideration of the Bitcoin Strategic Reserve Bill.
On May 6, Cointelegraph reported that two crypto asset bills in Florida have been removed from the legislative process, marking the latest setback for the state’s strategic Bitcoin reserve goals. The Florida Senate stated that House Bill 487 and Senate Bill 550 have been “indefinitely postponed and withdrawn from consideration” as of May 3. The Florida legislative session adjourned on May 2 without passing these two bills, which aimed to advance legislation for establishing crypto asset reserves in the state.