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Bitcoin reserves hit roadblocks 🚧
Florida has rejected a state Bitcoin reserve bill, while the UK's Treasury Secretary has nixed the idea of a British national crypto reserve.
Stephen Graves
May 06, 2025
📝 What you need to know
Bitcoin reserves hit a roadblock Tuesday, with Florida becoming the latest U.S. state to kick the idea into touch.
Two bills proposing a state-level Bitcoin reserve were “indefinitely postponed and withdrawn from consideration,” with Florida joining Arizona, Oklahoma, South Dakota, Montana, North Dakota, Pennsylvania, and Wyoming in rejecting crypto treasury legislation this year.
Across the pond, the UK’s Economic Secretary to the Treasury, Emma Reynolds MP, shot down the idea of a UK strategic crypto reserve, declaring that following the U.S. government’s lead is "not the plan for us."
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💬 Quote of the Day
“We don't think that's appropriate for our market. We understand that's what the US is going for, but that's not the plan for us.”
