Florida has proposed a groundbreaking initiative that could make it one of the first states to directly invest public funds in Bitcoin and cryptocurrency exchange-traded funds (ETFs). Republican lawmaker Webster Barnaby filed House Bill 183 (HB183), which would authorize the state to allocate up to 10% of its major public funds – including the General Revenue Fund, Budget Stabilization Fund, and various trust funds – into digital assets. This bill would grant Florida’s Chief Financial Officer and State Board of Governors control over these crypto investments. It would also allow residents to use certain taxes and fees to pay for their government obligations in digital assets, which would be converted automatically into U.S. dollars before entering the state treasury.