In 2025, Florida's initiative to establish Bitcoin reserves has failed, with two proposed bills, HB 487 and SB 550, being withdrawn as the legislative session concluded. This setback places Florida in the company of at least seven states that have rejected similar legislation this year, which included Arizona, Oklahoma, South Dakota, Montana, North Dakota, Pennsylvania, and Wyoming. Despite initial optimism among Bitcoin advocates, legislative support for such proposals is dwindling, with most bills stalling before a floor vote. Arizona's Governor recently vetoed a significant crypto treasury bill, while other states like Oklahoma and Montana have seen their proposals defeated in committees or floor votes. Only Texas and New Hampshire remain actively pursuing Bitcoin reserve measures, although the legislative calendar is closing, prompting an urgent push for remaining proposals.

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