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TechFlow, May 6 — According to Cointelegraph, two cryptocurrency bills in Florida (HB 487 and SB 550) were "indefinitely postponed and withdrawn" on May 3. The bills had aimed to allow the state to invest up to 10% of its state funds into Bitcoin but failed to pass by the end of the legislative session on May 2. Currently, similar bills in several U.S. states, including Wyoming and South Dakota, have also failed to advance through the legislative process.
According to Cointelegraph, two cryptocurrency bills in Florida (HB 487 and SB 550) were "indefinitely postponed and withdrawn" on May 3. The bills would have allowed the state to invest up to 10% of its state funds in Bitcoin, but they failed to pass by the end of the legislative session on May 2. Currently, similar bills in several U.S. states, including Wyoming and South Dakota, have also failed to successfully advance through the legislative process.
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