Florida Lawmakers Drop Two Strategic Bitcoin Reserve Bills, What’s Going On? ⋆ ZyCrypto

By: bitcoin ethereum news|2025/05/07 23:15:01
0
Share
copy
Florida legislators have halted two bills that seek to establish a state Strategic Bitcoin Reserve. This marks another significant blow to the state’s pursuit of a Bitcoin reserve in the U.S. Other states have also faced roadblocks in their efforts, with analysts projecting a decline in sentiment. Despite recent headwinds, the Federal government’s positive approach remains a rallying point for most digital asset investors. Florida Postpones Bitcoin Bills In a shocking move, the Florida House Bill indefinitely postponed House Bill 487 and Senate Bill 550. If passed, both bills would have established a state Bitcoin Reserve for the state to accumulate the assets. According to the legislature’s website, both bills were postponed and “withdrawn from consideration.” “ State Reserve Race Update: Both Florida’s Bitcoin Reserve Bills have failed. The legislature adjourned its 2025 session on May 2, without passage of the bills. HB 487 and SB 550 have been “indefinitely postponed and withdrawn from consideration,” Bitcoin Laws added on X. House Bill 487 was filed in February 2025 and received positive feedback from the digital asset community. It sought to authorize the Chief Financial Officer to invest part of the state’s funds in Bitcoin. This came on the heels of President Trump’s and a pro-crypto senator’s effort to establish a Bitcoin reserve. On the campaign trail, President Trump pledged to back the crypto industry, making the US the global Bitcoin and Artificial Intelligence capital. Among other things, Trump stated that his administration would halt the sale of Bitcoin, creating a reserve to support innovation in the sector. After his inauguration, Trump issued an executive order to create a reserve and floated pro-crypto policies. Meanwhile, Senator Cynthia Lummis proposed a bill that will enable the Federal Government to acquire 1 million BTC in four years to help repay its rising debt. Crypto Users Lament Multiple Setbacks On crypto spaces, Bitcoin enthusiasts expressed concern over the decision to postpone two pro-Bitcoin bills in Florida. Previously, expectations grew over possible approval, which was billed to strengthen general market confidence. However, recent state bills have faced several hurdles. After Arizona’s legislature passed a pro-Bitcoin reserve bill, Governor Katie Hobbs vetoed the bill, sparking dissatisfaction from the wider community. These headwinds can slow the projected adoption rate mapped out in the coming months. It should be noted that most institutions’ bullish outlook was hinged on a positive approach from most states and the United States government. Source: https://zycrypto.com/florida-lawmakers-drop-two-strategic-bitcoin-reserve-bills-whats-going-on/

You may also like

22x Subsidy to 1 USD Revenue: How Long Can the TAO Growth Myth Last?

When the Subsidy Cliff Hits, What Will Happen to TAO's Valuation?

Use the Claude Wisely, One Piece is Enough

From Environment Setup to Real-world Use Cases, Claude2026 Update: The Ultimate Checklist

Netflix is Set to Bring FTX's Story to the Screen: Portraying History or Glamorizing a Scam?

Produced by the Obama's, with an Oscar-winning screenwriter and Terminator director on board, this Netflix project is set to be a surefire hit.

People unable to buy Anthropic have driven its shadow stock up 16x

It's not the shadow that's expensive, it's the feeling of being locked out.

LALIGA Match Report: Vinícius scores as 10-man Real Madrid secure a 3-2 comeback victory in Madrid derby

In the early hours of March 23, 2026, Round 29 of LALIGA delivered a headline clash at the Santiago Bernabéu. Real Madrid hosted their local rivals, Atlético de Madrid, in a high-stakes encounter. Under referee José Munuera, the match unfolded at a fierce pace, packed with physical duels and momentum swings. After a five-goal thriller, Real Madrid held firm for a 3–2 home win, taking all three points. They remain second on 69 points, now four behind leaders Barcelona.

From a numbers standpoint, Real Madrid stayed composed under pressure, completing 526 passes with a 52.4% share of possession. Atlético struck first in the 33rd minute through Lookman. After the break, Real Madrid flipped the game: Vinícius converted a penalty to level, then Valverde fired them ahead. Molina pulled Atlético back on level terms, but Vinícius stepped up again in the 72nd minute to seal the win. Late drama followed as Valverde saw red, forcing Real Madrid to defend deep with ten men through the final stretch. Atlético's aggressive approach—12 fouls and 4 yellow cards—kept the pressure on, but they couldn’t stop the comeback.

WEEX Insights: As the official LALIGA partner in the Hong Kong and Taiwan regions, WEEX sees this win as a masterclass in control under pressure. Even after a red card and constant attacks, Real Madrid stayed sharp and executed with precision. That same discipline—staying calm in volatile moments and acting with clarity—reflects the core trading mindset WEEX stands for. LALIGA fan campaigns are coming soon—celebrate the game with WEEX.

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official 

Instagram: @WEEX Exchange

 Tiktok: @weex_global 

Youtube: @WEEX_Official 

Discord: WEEX Community 

Telegram: WeexGlobalGroup

LALIGA Match Report: Araujo seals 1–0 win as Barça tighten grip on top spot

In the early hours of March 22 (Beijing Time), Barça edged Rayo Vallecano 1–0 at Camp Nou in a key Round 29 clash. The hard-earned win lifts Barça to 73 points, strengthening their hold on first place.

Barça controlled the game with 61% possession and a sharp 89% passing accuracy (460 passes). Rayo pushed back with intensity, earning 9 corners, but Barça's defense stayed solid. Yellow cards for Raphinha, Yamal, and Cubarsí highlighted the physical edge of the match. Second-half subs like Rashford and Olmo added fresh energy to help see out the result. Rayo remain 14th on 32 points.

WEEX Insights: As the Official LALIGA Partner in HK & TW, WEEX sees Barça’s 89% passing accuracy as a clear example of high execution with minimal error. Staying precise under pressure and finding the breakthrough reflects the same disciplined approach used in rational trading.

LALIGA interactive campaigns are coming soon—stay tuned with WEEX ⚽️

About WEEX

Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

Follow WEEX on social media

X: @WEEX_Official

 Instagram: @WEEX Exchange 

Tiktok: @weex_global 

Youtube: @WEEX_Official 

Discord: WEEX Community 

Telegram: WeexGlobalGroup

Popular coins

Latest Crypto News

Read more