Florida scraps Bitcoin reserve bills as state-level crypto adoption faces setbacks
Florida’s decision follows a broader trend of legislative setbacks surrounding Bitcoin reserve proposals. Similar bills have been shelved or blocked in states like Wyoming, Pennsylvania, Oklahoma, Montana, North Dakota, and…
Florida holds $800 million in crypto, state CFO says
Florida has invested nearly $800 million in crypto, according to the state’s chief financial officer Jimmy Patronis. Patronis shared more about Florida’s crypto investment during an interview with CNBC on…
Florida court reinstates Binance US money services license
Binance US wins appeal to reinstate its Florida money-services business license. Court ruled OFR lacked legal justification for the emergency suspension order. Binance US suspension posed financial risks to over…
Florida and Alaska restrict Binance US
Binance US faces bans in Florida and Alaska after CEO’s guilty plea triggers regulatory crackdown. Florida suspends Binance US’s license, Alaska denies renewal, citing concerns over Zhao’s plea. Despite setbacks,…
Florida Governor Ron DeSantis seeks to ban CBDCs
Key takeaways Florida’s governor has proposed a legislature that would prohibit the use of CBDCs. The governor claims that the use of CBDCs would stifle innovations in Florida. President Biden’s…