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Florida lawmaker reboots crypto reserve bill after the first one flopped

HB 183 revives Florida’s crypto-reserve push, allowing up to 10% in digital assets while adding tougher custody, documentation and fiduciary standards.

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💡 DMK Insight

DMK Insight: Florida's HB 183 marks a significant shift in how state reserves can engage with digital assets, potentially paving the way for broader acceptance of cryptocurrencies in public finance. The introduction of stricter custody and fiduciary standards reflects a growing recognition of the need for regulatory frameworks that ensure security and transparency in crypto investments. This move could influence other states to consider similar legislation, impacting the overall landscape of institutional crypto adoption.