The Bitcoin Strategic Bill in Florida (SBR) can put the currency on the state’s public budget – while the Republican Party’s position may be reshaped. The draft law, officially known as “SB 550: Public Funds In Bitcoin”, gained momentum in Talhaasi and attracted national interest thanks to a high -ranking defender in the Senate in Florida.
It can restore the Bitcoin invoice in Florida to reshape the Republican Party forever
In early February, Senator Florida Joe Grenters SB 550 with the aim of allowing the financial manager of the state (CFO) to invest public funds – including the Public Revenue Fund, the Budget Installation Fund, and the various insurance funds – in BTC. This measure puts the maximum of 10 % on BTC Holdings for each fund and places regulatory oversight in the hands of the financial manager. While the language of the draft law focuses on financial diversification, its political effects have gained equality – if not greater – its achievement.
The latest tinnitus was burned on February 24 mail On x from Samuel Armes, founder of the Florida Bitcoin & Blockchain (FBBA), the largest defense group in the state for BTC, Cryptocurrency, and Web3. Armes emphasized how Florida’s approach could have the effects of ripples not only on state financing, but in the future of the Republican party at the country level.
“Updating the Bitcoin Strategic Reserves in Florida: We enter the session next week and this bill is looking to pass it. But this bill is much more than it seems. This is where the political strategy comes – and how the Florida bill can affect the entire United States.”
According to ARMES, the “selection of the sponsoring draft law in the Senate” was carefully chosen to achieve the maximum impact. “In his opinion, the dual GRUTES role as a pro -BTC project and the Secretary of the National Republican Committee Fund (RNC) plays the SB 550 effect outside the Florida border. .
The ARMES publication continues with a detailed collapse of the reason for Senator Groits’s involvement: “Gruerers has been an ally of Bitcoin since the first day, which helps us to pay the first Florida bill for more than four years. It is more than just a supporter of the house. Joe Gruers is now one of Trump’s best allies He was just appointed as the Secretary of the Republican National Committee Fund – Money Director of the Republican Party The entire.
RNC’s position is pivotal, given the responsibility for the party’s financial role. Armes looks at GRUTERS care for SBR at the state level as a major ideological transformation with national repercussions: “This means that the man who manages the Republican Party’s funds is pushing to Florida to put bitcoin in his public budget. We are one step away from converting the Republican Party to the Bitcoin party, in a way Permanent.
Florida’s embrace of BTC at the official level, according to ARMES, “the republic of the Republican Party in Al-Moayad Party-in particular.” It suggests that, if SB 550 succeeds, it will be a legislative model for other Republican countries.
Another layer of this political narration is GRUTERS to become the next financial manager in Florida. If he wins, Armes imagine that Sunshine State has a full leadership list-judgment and financial manager-support from BTC: “If GRUTERS won, Florida will get: a pro-bitcoin financial manager, a supporter ruler of BTC (most likely Peron Donalds, one of the members from Congress collection gather) [and] The most aggressive BTC policies in the country. “
This position concludes with a bold declaration: “Florida is not only leading Bitcoin – we guarantee that the Republican Party becomes Bitcoin. Do you pay attention yet?”
At the time of the press, BTC was traded at $ 91,862.
Distinctive image from x, chart from TradingView.com
