Bitcoin reserves hit a roadblock Tuesday, with Florida becoming the latest U.S. state to kick the idea into touch.
Two bills proposing a state-level Bitcoin reserve were “indefinitely postponed and withdrawn from consideration,” with Florida joining Arizona, Oklahoma, South Dakota, Montana, North Dakota, Pennsylvania, and Wyoming in rejecting crypto treasury legislation this year.
Across the pond, the UK’s Economic Secretary to the Treasury, Emma Reynolds MP, shot down the idea of a UK strategic crypto reserve, declaring that following the U.S. government’s lead is “not the plan for us.”
Florida Joins Growing List of States Knocking Back Bitcoin Reserve Bills
The push for state-level digital asset reserves is hitting resistance nationally, despite early-year optimism among Bitcoin advocates.
UK Treasury Secretary Rules Out National Crypto Reserve: ‘Not the Plan for Us’
Emma Reynolds MP shot down the idea of a UK national crypto reserve, saying that, “We don't think that's appropriate for our market.”
Trump to Host Two Crypto Dinners This Month Amid Growing Ethics Concerns
President Trump will host a gala for the largest holders of his meme coin later this month, as lawmakers flag potential conflicts of interest.
Monero Vets Launch New 'Confidential-by-Default' Crypto Network Tari
Tari Labs launched its default-confidential proof-of-work blockchain on Tuesday, focusing on privacy and user accessibility.
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💬 Quote of the Day
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“We don't think that's appropriate for our market. We understand that's what the US is going for, but that's not the plan for us.”
UK Economic Secretary for the Treasury Emma Reynolds MP, on a UK state crypto reserve
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