U.S. States Push Back on Bitcoin Reserve Legislation, Signaling Hesitation in Crypto Integration

Several U.S. states have taken a cautious approach to Bitcoin investment, rejecting or withdrawing proposed legislation allowing public funds to be invested in cryptocurrency. Florida, Arizona, and other states are signaling hesitation towards utilizing Bitcoin as an official reserve asset. This shift in policy reflects growing concerns regarding volatility within the crypto market and potential risks associated with public investments.