Florida plans to allow the state CFO and Pension Board to invest in bitcoin and digital asset ETFs

Jinse Finance reported that the Florida House of Representatives has introduced Bill HB 183, which proposes to allow the state Chief Financial Officer and the State Pension Board to invest up to 10% of public funds in bitcoin, tokenized securities, NFTs, and crypto ETFs. The bill positions bitcoin as a potential store of value and inflation hedge for state funds, and allows residents to use digital assets to pay certain taxes and fees, with payments converted to US dollars and deposited into the state treasury. If passed, the bill will still require approval by the Senate and the Governor's signature, and is scheduled to take effect on July 1, 2026. This move continues the trend of states promoting bitcoin reserve plans in 2025.