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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 step towards integrating cryptocurrency into state reserves, reflecting a growing acceptance of digital assets in traditional finance. The introduction of stricter custody and fiduciary standards indicates a cautious yet progressive approach, aiming to safeguard public funds while exploring innovative investment avenues. This could set a precedent for other states considering similar measures, potentially reshaping the landscape of state-level asset management.