1959: State of Florida Takes Bold Step to Buy Up to $1.5 Billion in Bitcoin

Florida is set to become a potential leader in public sector adoption of Bitcoin. Republican Senator Jason Brodeur’s Senate Bill 487 seeks to enable the state government to invest part of its reserve money in Bitcoin. The bill is meant to enable the Department of Financial Services to consider and put in place a plan for the purchase and holding of Bitcoin as a treasury asset.

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