Florida joins Bitcoin Book a race with the approval of the First Committee HB 487

Florida took his first legislative step towards the ground floor of Bitcoin as a state asset, joining the race he led Arizona and followed by Hampshire.

Florida is the most recent American US state to go forward toward the adoption of Bitcoin (Btc) As strategic funds for reserves, as its house 487 (HB 487) passed via home insurance and bank subcommittee with unanimous support 10. April.

The accountUnder the name “Investments of Public Funds in Bitcoin,” Providing the Chief Financial Officer of Florida and the State Board of Administration to invest up to 10% of key public funds – including a general revenue and budget stabilization fund and budget stabilization fund. It describes strict custody, protocol protection and harmonization, and also allows Bitcoin to be borrowed or used in exchange offices.

Cleaning the first of four committees, HB 487 must continue to go through the government, ways and committees for trade and trade commission before moving into a full house on voice. If he passed the house, the bill will move to the Senate for consideration and at the end, Governor’s table.

Florida is Gurn comes in the middle of a wider trend in the US investigating Bitcoin as a class of sovereign property.

According to Bitcoin laws, Arizona seems to be guidance Legislative race. At the end of March, its senate accounts 1373 and 1025 – and connected to digital property reserves – they passed through the Senate and cleaned the House Rules Committee. These accounts are now head to vote in a full house. If successful they would only require the governor Katie Hobbs‘Signature to become law, making Arizona first state to officially adopt the Bitcoin Reserve Policy.

In the meantime, there is also Hampshire too advanced Bitcoin Reserve Spare Account (HB 302), which has transferred a full house in voting since 192-179 and is now under the Senette. The bill would enable the civilian treasurer to award up to 10% of authorized funds in Bitcoin and precious metals, but only the property with market lid exceeds $ 500 billion, which was currently filled only Bitcoin – would qualify.