The Senator says Florida leads US efforts to keep bitcoin in a strategic reserve ⋅ crypto world echo
Senator Joe Gruters said Florida is in a position to lead the people in the integration of Bitcoin (Btc) at national level financial reserve.
In the notes madeconversation Samuel Armes, the founder of Florida Blockchain Business Society, emphasized Gruters that his legislative vision is to add Bitcoin as part of the public financial infrastructure of the broader economic policy framework, focusing on inflationary protection and fiscal autonomy.
The BILL S0550 introduced on March 4 will allow Florida to allocate up to 10% of assets to Bitcoin.
The measure also expands the investment institution of the Public Administration Council, which manages the Florida pension system. Gruters said the legislation reflects the continued efforts of Florida to position themselves as a national hub for acceptance of bitcoin and financial sovereignty.
He added:
”[The bill] Allows us to keep some reserves in the Florida state so that we can invest some of our pension dollars and other funds in cryptocurrency. We should be the country that controls this effort. ”
State -level Bitcoin policy follows federal signals
Gruters designed legislation as a broader political relocation towards digital assets. Referring to the former President Donald Trump's The recent confirmation of Bitcoin reserve strategies Gruters said the state is ready to follow this lead with the policies to be implemented.
“The President himself came out and said basically that America will be the capital of the world Bitcoin. We are pleased to follow his example.”
He added that Bitcoin's charm between his supporters is above financial income. These people love freedom and Florida wants to be a “means of freedom”.
Gruters, who work as a treasurer of the Republican National Committee and has been involved in the political policy of digital assets for many years, Bitcoin has associated its adoption with its broader budget action plan, including Florida insurance markets reforms.
“The thing is to do everything in our power to improve it to make it transparent, try to remove it in pricing part of the volatility. And at the same time, make sure that we can control these costs.”
He also pointed to Florida's recent role during the COVID-19 pandemic as a destination, which he described as “economic refugees”, showing the country's ability to attract residents seeking fiscal autonomy and regulatory clarity.
“That's why Bitcoin and other cryptocurrencies have so many options because they can come here in Florida. We're going to embrace them.”
Gruters expressed the confidence that Florida's political direction affects other countries, calling it “place” and claiming that “the state really monitors us about what we do.”
Referring to the position of the Federal Government against Bitcoin under Trump, Gruters said that in his view, digital currency also plays a central role in national reserves.
“This is a strategic reserve and investment in the country's second largest state, such as Florida. It's full of circle.”
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