The Florida Insurance and Banking Subcommittee unanimously passed a bill in favour of state-level Bitcoin Reserves. Now head to Congress. This is the first state Bitcoin reservation bill to vote zero and pass a House committee.
Most of the initial comments were extremely skeptical due to recent market turmoil and fiscal conservatism, but the state sponsor Webster Barnaby and other supporters won.
Florida is moving into state race for Bitcoin reserve
Over the past few months, the Bitcoin reserve bill has taken U.S. state legislatures. These initiatives have seen the set-off due to fundraising concerns, but there have also been notable successes. Today, the crypto industry can count another victory. The Florida Insurance and Banking Subcommittee voted unanimously to approve the Bitcoin Reserve.
“The Bitcoin Strategy Bill will pass unanimously through the House Committee. Today’s remarks were a historic moment and we are proud to be part of Samuel Arms and Florida. Bitcoin is the currency of the people,” claimed Joshua Jake.
Florida’s Bitcoin Reserve bill also marks new milestones, even if it’s just a subcommittee vote. The bill was passed with full bipartisan support, without a single Democrat opposing the bill. One of the representatives either abstained or was absent, but all attendees were influenced by the discussion.
The subcommittee hearing was initially skeptical, but in part due to the chaos of recent tariffs, sponsor Webster Barnaby maintained a passionate defense. Finally, he and other supporters of the Bitcoin Reserve Building were able to win this Florida subcommittee perfectly. From here it heads to Congress.
