The authorities of Florida abandoned plans to create a strategic reserve of bitcoins, the Bitcoin Laws project, which monitors the process of emergence of legislation on crypto -tanks in the United States, said.

The bills of the HB 487 and SB 550 on the creation of the reserve fund of the Bitcoins of the state of Florida were “postponed for an indefinite period and actually removed from consideration.” The legislative assembly completed the spring work session, without even touching these projects, showed Bitcoin Laws.

The bills were submitted for consideration by congressmen in February and provided for the possibility of investing in bitcoins up to 10% of state funds, including the total income fund and the Florida budget stabilization fund. Earlier, the bills approved the subcommittee on insurance and banking case of the local parliament, but the promotion of legislative initiatives was stalled.

Among the reasons for the failure, Bitcoin Laws experts call the priority of discussing other initiatives, as well as the general skepticism of the legislators of Florida regarding the volatility of cryptocurrencies. The day before, the governor of Arizona Katie Hobbs blocked a similar bill, calling Bitcoin a “dubious investment”.