Florida Proposes Bill to Invest Public Funds in Bitcoin

The post Florida Proposes Bill to Invest Public Funds in Bitcoin appeared first on Coinpedia Fintech News

In a recent development, Florida Senator Joe Gruters has proposed a bill to allow public funds investment in Bitcoin. The bill called “SB 550: Investments of Public Funds in Bitcoin,” would allow the state’s Chief Financial Officer (CFO) to invest various public funds in Bitcoin and other cryptocurrencies. This includes funds like the General Revenue Fund, Budget Stabilization Fund, and trust funds.

41.) Florida Senator @JoeGruters introduces bill SB 550, which allows the CFO to invest up to 10% of public funds into #Bitcoin pic.twitter.com/RKNeVBUOHZ