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SB 550 Florida Senate · 2025 Regular Session

Investments of Public Funds in Bitcoin

Summary
Investments of Public Funds in Bitcoin; Authorizing the Chief Financial Officer to make investments in Bitcoin and other digital assets for a certain purpose; requiring the Chief Financial Officer to maintain flexibility in certain investment decisions; authorizing the Chief Financial Officer to invest money in Bitcoin from certain public funds; authorizing the Trustees of the State Board of Administration to invest and reinvest available funds of the System Trust Fund in Bitcoin; providing that investments of public funds in Bitcoin are exempt from certain security requirements, etc.
Issues: ✓ Budget & TaxesSupports Budget & TaxesThe bill authorizes new investment strategies for public funds, directly impacting fiscal management and the potential growth of state assets.90% confidence ✓ TechnologySupports TechnologyThe bill authorizes public funds to invest in Bitcoin and other digital assets, thereby advancing and legitimizing a significant area of financial technology.80% confidence
Bill status died 1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 4, 2025 Last action Jun 16, 2025
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
5
Key actions
0
Committee
1
Mar 4, 2025
Introduced
Introduced
upper
Feb 20, 2025
Committee
Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Appropriations
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Joe Gruters
Joe Gruters
RRepublican
FL
22