Florida is considering a groundbreaking bill, HB 487, which would allow the state to invest up to 10% of its funds in Bitcoin. This proposal, currently under review at the Insurance and Banking Subcommittee, outlines specific details for managing Bitcoin investments, including storage, lending protocols, and conversion procedures. The bill also exempts these investments from certain security laws. This move follows a trend seen across US states as they explore the potential of incorporating Bitcoin into their financial reserves. Utah’s similar proposal has advanced in the Senate while Kentucky recently became the 16th state to consider legislation on Bitcoin reserves. This is the first time a Bitcoin-specific investment plan has reached public hearing stage in Florida.