The Senator says that the state of Florida will lead the United States’ efforts to hold Bitcoin as a strategic reserve ⋅ Echo world encrypted
Al -Senator Joe Groits said that Florida is in a position to lead the nation to integrate Bitcoin (BTC) In the financial reserves at the state level.
In the notes made duringinterview With the founder of the Business Association in Florida Blockchain Samuel Arms, GRUTERS highlighted that his legislative vision is to integrate bitcoin into public financial infrastructure as part of a broader economic framework that focuses on protecting inflation and financial independence.
The Bill S0550, which was presented on March 4, allows Florida Financial Director to customize up to 10 % of the assets of the main funds to Bitcoin.
This procedure also extends the investment authority to the State Board of Directors, which runs the pension system in Florida. The legislation reflects the continuous efforts of Florida to put itself as a national center to adopt bitcoin and financial sovereignty.
He added:
“[The bill] Florida provides us with keeping some reserves, to be able to invest some of our pension dollars and other money in encrypted currencies. We must be the country that leads in this effort. “
Bitcoin policy follows at the state level
GRUTERS legislation as a broader political reorganization towards digital assets. Return the former president Donald Trump The recent support for Bitcoin Reserve Strategies, GRUTERS said the state is ready to follow up on this implemented policy.
“The president himself came out and said basically that America would be the capital of Bitcoin in the world. We are happy to follow his progress in this regard.”
He added that Bitcoin’s call between his supporters extends beyond financial returns. These people love freedom, and Florida wants to be a “pro -state state.”
GRUTERS, who is the treasurer of the Republican National Committee and participated in the digital assets policy for several years, linked the Bitcoin adoption of its broader financial business schedule, including reforms in the insurance markets in Florida.
“It is about doing everything we can to fix this, to make it transparent, to try to get rid of some of these fluctuations in prices. At the same time, make sure to control these costs.”
He also pointed to the last role of Florida during the Covid-19 pandemic as a destination for what he described as “economic refugees”, which indicates the ability of the state to attract residents who are looking for financial independence and organizational clarity.
“For this reason, Bitcoin and other cryptocurrencies have many opportunities, because they can come here in Florida. We will embrace them.”
GRUTERS expressed its confidence that the direction of Florida’s policy will affect other countries, describing it “the right place to be” and mention that “the country really follows us in terms of what we do.”
In reference to the federal government’s position towards Bitcoin under Trump’s leadership, Groits said he believed the digital currency will also play a major role in national reserves.
“It will be a strategic reserve for the United States and an investment in the second largest state in the country, such as Florida. It is a complete circle.”
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