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.
Last Action: 5/3/2025 Senate - Indefinitely postponed and withdrawn from consideration
Bill Text: Web Page | PDF
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Bill History
Date Chamber Action 2/7/2025 Senate • Filed
2/20/2025 Senate • Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Appropriations
3/4/2025 Senate • Introduced
5/3/2025 Senate • Indefinitely postponed and withdrawn from consideration
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SB 550, Original Filed Version (Current Bill Version) Posted 2/7/2025 at 12:41 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 487 Investments of Public Funds in Bitcoin Barnaby Similar Last Action: 5/3/2025 H Indefinitely postponed and withdrawn from consideration 
Citations - Statutes (5)
Citation Catchline Location in Bill Location In Bill Help 17.57 Deposits and investments of state money. Page 6 (pdf) 17.573 Page 2 (pdf) 17.61 Chief Financial Officer; powers and duties in the investment of certain funds. Page 11 (pdf) 121.151 Investments. Page 13 (pdf) 280.03 Public deposits to be secured; prohibitions; exemptions. Page 13 (pdf)