The Florida Crypto Assets Investment Bill has been withdrawn.

According to Gate.io News bot, as reported by Cointelegraph, two cryptocurrency bills in Florida, HB 487 and SB 550, were “indefinitely postponed and withdrawn” on May 3rd. These bills were originally intended to authorize the state to allocate 10% of state funds for Bitcoin investments, but they did not pass by the end of the legislative session on May 2nd. Additionally, similar bills proposed in several other U.S. states, including Wyoming and South Dakota, also failed to go through the legislative process.

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