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News Explorer — Florida Tries Again After Failed Bitcoin Reserve Bill Attempts

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Jan 8, 6:35 pm
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Florida Tries Again After Failed Bitcoin Reserve Bill Attempts

Florida's new bill, HB 1039, aims to establish a strategic cryptocurrency reserve managed by the state's chief financial officer outside the state treasury. The proposed fund, which does not specify Bitcoin as the chosen cryptocurrency, requires assets to maintain a market cap of at least $500 billion over two years. Only Bitcoin qualifies, as of this writing.

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