US State Eyes Bitcoin Strategic Holdings

Florida is making moves. Lawmakers there just introduced legislation that could allocate up to 10% of certain state public funds into Bitcoin, cryptocurrency ETFs, or tokenized securities. The real kicker? The proposals also allow taxpayers to settle state taxes and fees using digital assets.

This signals a meaningful shift in how governments approach crypto holdings. Rather than viewing digital assets as purely speculative, the proposal frames them as legitimate reserves—similar to foreign currency or commodity holdings.

What's interesting is the scope: we're talking about public pension funds, treasury reserves, and revenue streams here. If this passes, Florida wouldn't just be dipping its toes into crypto; it would be anchoring a sizable institutional position.

The move fits a broader pattern. As more jurisdictions explore crypto-friendly policies, the question shifts from "if" to "when" other states follow.