Florida · 2025 Regular Session · Bill
SB 550: Investments of Public Funds in Bitcoin
Did not advance Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
- Did not advance
Last official action: ·Record last updated:
Plain-language summary
SB 550 is a bill introduced in the Florida Senate on February 7, 2025. According to its official title, it concerns: Investments of Public Funds in Bitcoin. Primary sponsor: Joe Gruters (Republican). Most recent recorded action (June 16, 2025): Died in Banking and Insurance.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
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.
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Joe Gruters | Primary sponsor | Republican | Senate | 22 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Died in Banking and Insurance
- Indefinitely postponed and withdrawn from consideration
- Introduced
- Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Appropriations
- Filed