Florida Senate Withdraws Consideration of Bitcoin Strategic Reserve Bill

May 6 news, two cryptocurrency bills in Florida have been removed from the legislative process, dealing the latest blow to the U.S. state-level strategic Bitcoin reserve goals. The Florida Senate stated that House Bill 487 and Senate Bill 550 were "indefinitely postponed and withdrawn from consideration" on May 3. The Florida legislative session adjourned on May 2 without passing these two bills, which were originally intended to promote legislation for establishing cryptocurrency reserves in the state.