Florida · Senate Bill 550 · 2025 Regular Session

Investments of Public Funds in Bitcoin

SB 550 Sponsored by Joe Gruters Died in committee

  1. Introduced Feb 7, 2025
  2. In committee Feb 20, 2025
  3. Passed the Senate  
  4. Passed the House  
  5. To the governor  
  6. Became law Jul 1, 2025

What it does

The legislature's own summary of the bill, or its official long title.

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.

Every action

5 steps, oldest first, as the legislature records them.

  1. SenateFiled
  2. CommitteeReferred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Appropriations · Senate Banking and Insurance
  3. SenateIntroduced
  4. SenateIndefinitely postponed and withdrawn from consideration
  5. CommitteeDied in Banking and Insurance · Senate Banking and Insurance

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it.

From Florida's official records (leg.state.fl.us; flhouse.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.