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The bill amends several sections of Florida law to accommodate these new policies, including changes to investment regulations pertaining to public and pension funds.
The Trend Towards Bitcoin Adoption Across States
Florida is not alone in this endeavor; reports indicate that approximately 28 to 29 states are exploring similar legislative proposals or initiatives geared toward Bitcoin adoption, spanning efforts from strategic reserves to treasury investments. This rising trend among states reflects a growing recognition of Bitcoin's potential as a protective financial asset.