Florida’s Insurance and Banking Subcommittee made history this week by unanimously passing a bill that supports the creation of a state-level Bitcoin reserve.
With zero votes against, the measure now heads to the full state legislature, making it the first of its kind to pass a House committee without opposition.
State Representative Webster Barnaby, the bill’s lead sponsor, helped turn initial skepticism—rooted in market volatility and fiscal concerns—into full support from both sides of the aisle.
Crypto advocate Joshua Jake, who spoke during the committee hearing, called it a “historic moment,” adding, “Bitcoin is the PEOPLE’S currency.”
Also on April 10, 2025, the New Hampshire House of Representatives passed House Bill 302 (HB302), a significant piece of legislation that authorizes the state treasurer to invest public funds in digital assets, including Bitcoin, and precious metals.
$1.5 Billion Strategic Reserve in Public Funds
The bill proposes that Florida invest $1.5 billion in public funds into Bitcoin as part of a strategic reserve. If passed, the move would mark a major shift in how state funds are allocated, signaling growing acceptance of cryptocurrency as a legitimate financial asset.
Florida joins a wave of similar state-level proposals, but stands out for the speed and unity behind this effort. One representative was absent, but everyone present voted in favor of the bill.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/florida-unanimously-passes-bitcoin-reserve-bill-in-house-committee/