• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Monday, October 6, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

State Bitcoin Bills Collapse, NC Moves Ahead

With One Veto, a Landmark Crypto Bill Falls Flat

Jordan Avery by Jordan Avery
May 6, 2025
in News, Press Releases
Reading Time: 4 mins read
0
40
SHARES
Share on TwitterShare on Facebook

Introduction

Florida’s once-ambitious attempt to weave Bitcoin into its treasury operations has ended with barely a ripple. The state’s proposed crypto bills—HB 487 and SB 550—were officially pulled just as the legislative session concluded on May 3. These bills aimed to allow Florida to allocate up to 10% of specific public funds into Bitcoin, potentially setting a precedent for broader state adoption.

However, the effort fizzled out without even reaching a floor vote, signaling a significant retreat from what could’ve been a bold step in digital finance. According to Bitcoin Laws, a researcher focused on crypto legislation, the Florida legislature concluded its 2025 session with the proposals left untouched, confirming the state’s quiet exit from the crypto treasury race.

Failed Bills Reflect a National Trend

Florida’s decision mirrors a growing national hesitation. Other states such as Wyoming, South Dakota, Montana, North Dakota, Oklahoma, and Pennsylvania have also shelved similar proposals. Despite the larger public fascination with Bitcoin, these setbacks suggest that the leap from speculation to policy remains a hard sell.

Even with Donald Trump’s executive order indicating support for a national Bitcoin reserve, market sentiment hasn’t moved. According to Polymarket data, there’s still a 0% projected chance that such a reserve will be created in his first 100 days. However, a 59% likelihood remains for it to materialize later in 2025—signaling some long-term hope even as short-term actions stall.

Arizona Almost Took the Lead With Bitcoin—Until It Didn’t

Before Florida’s bills were withdrawn, Arizona appeared ready to pioneer state-level Bitcoin adoption. The state legislature had introduced House Bill 1025, which would’ve allowed Arizona to convert seized property into Bitcoin and hold it as part of a strategic reserve.

But on May 3, Governor Katie Hobbs vetoed the bill. Her reason? Skepticism about experimenting with public resources.

“Retirement funds are not the place to experiment with untested assets”

she said, making it clear that cautious pragmatism still outweighs innovation in many statehouses.

Her veto shut down what many saw as the most comprehensive crypto policy initiative yet attempted at the state level.

North Carolina Charts a Different Path, The Connection With Bitcoin

Amid a wave of caution, one state is defying the trend. North Carolina’s House of Representatives recently passed the “Digital Assets Investment Act” (HB92) by a 71–44 vote, signaling a more calculated embrace of digital assets.

This bill doesn’t go as far as a Bitcoin reserve, but it does grant the state treasurer permission to allocate up to 5% of specific funds into regulated digital assets. To qualify, these assets must meet tight custody standards and regulatory benchmarks, making the move less speculative and more grounded in compliance.

State Bitcoin Bills Collapse as NC Moves Ahead
Source: apps.azleg.gov

If enacted, North Carolina could position itself as a blueprint for how state governments cautiously enter the crypto space without diving in headfirst.

Looking Ahead: What’s Next For Bitcoin?

Florida’s retreat may be emblematic of the current political climate surrounding crypto. While some states are hesitant to allocate public funds into volatile digital assets, others, like North Carolina, are finding middle ground through tighter regulations and lower investment caps.

With public interest in Bitcoin still strong and federal-level policies potentially evolving, it remains to be seen whether more states will revisit their crypto strategies. For now, the state-led Bitcoin reserve movement is fragmented—but far from finished.

Tags: #Bitcoin #CryptoNews #FloridaCrypto #NorthCarolina #DigitalAssets #StateCryptoLaws #CryptoRegulation #HB92 #CryptoPolitics #BitcoinReserve
Previous Post

Fartcoin Faces Risk as Momentum Slows Down

Next Post

Solana On-Chain Metrics Signal Bearish Turn

Related Posts

NFT Market Sees Steady Growth as Sales Reach $129 Million
News

NFT Market Sees Steady Growth as Sales Reach $129 Million

October 6, 2025
Featured

MetaMask Rewards Program Targets Active Users

October 5, 2025
Featured

Ethereum Foundation to Sell 1,000 ETH

October 5, 2025
Featured

OctaFX Probe Exposes Global Fraud Network

October 5, 2025
Altcoin Season Index Soars to 76 While Bitcoin Dominance Wobbles
Featured

Altcoin Season Stalls as Uptober Hopes Build

October 3, 2025
bitcoin btc
Featured

Strategy Bitcoin Holdings Hit Record $77.4B

October 3, 2025

Press Releases

NFT Market Sees $129M Weekly Sales as BNB Chain Surges
News

NFT Market Sees $129M Weekly Sales as BNB Chain Surges

by Jordan Avery
September 28, 2025

The NFT sector continues to show resilience with sales volumes climbing 8.13% to reach $129.1 million, marking the third straight...

Read more
Ethereum Can Outshine Google Says Vitalik Buterin – Here’s How

Ethereum Can Outshine Google Says Vitalik Buterin – Here’s How

September 21, 2025
XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

September 10, 2025
Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

Bitcoin 12.8% Dip Looks More Like Flexing Than Failing

September 2, 2025
Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

Whales Stack Nearly $1B in XRP – Is $4 Now on the Horizon?

September 1, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier