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The Florida Senate

SB 550: Investments of Public Funds in Bitcoin

GENERAL BILL by Gruters

Investments of Public Funds in Bitcoin; Authorizing the Chief Financial Officer to make investments in Bitcoin and other digital assets for a certain purpose; requiring the Chief Financial Officer to maintain flexibility in certain investment decisions; authorizing the Chief Financial Officer to invest money in Bitcoin from certain public funds; authorizing the Trustees of the State Board of Administration to invest and reinvest available funds of the System Trust Fund in Bitcoin; providing that investments of public funds in Bitcoin are exempt from certain security requirements, etc.

Effective Date: 7/1/2025
Last Action: 2/7/2025 Senate - Filed
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
2/7/2025 Senate • Filed