Florida Advances Legislation to Include Bitcoin in State Pension Funds
CryptocurrencyFloridaUpdated 3 days ago

Florida Advances Legislation to Include Bitcoin in State Pension Funds

Florida is making significant strides to incorporate Bitcoin and crypto ETFs into its public pension funds through new legislation, HB 183. This initiative aims to allocate up to 10% of certain state funds to digital assets, enhancing investment opportunities and potentially increasing returns for retirees. If successful, Florida could emerge as a leader in cryptocurrency adoption at the governmental level, reflecting a broader acceptance of digital currencies in mainstream finance.

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Florida is making another push to include Bitcoin in its financial strategy with the introduction of a new bill, HB 183. This legislation aims to allocate up to 10% of certain state funds to digital assets like Bitcoin and regulated ETFs, marking a significant step forward from last year's unsuccessful attempt. This move could not only enhance the state's investment portfolio but also position Florida as a leader in the adoption of cryptocurrency at a governmental level.

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