FLORIDA STATE PUSHES BACK BITCOIN RESERVE PLAN



🔹 The state of Florida proposes a 2026 bill to establish a state-level Bitcoin reserve fund, separate from the main treasury.

🔹 HB 1039 does not specify a mandatory allocation ratio; the decision-making authority is entirely up to the state finance director.

🔹 The bill requires assets to maintain an average market capitalization of at least $500 billion over the past 24 months. Based on this criterion, currently only Bitcoin meets the requirement; other cryptocurrencies are not yet large enough to be considered state reserve assets.

🔹 If passed, the law could take effect from 7/1/2026.
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