Bitcoin $94,016.88 While the price is around 95,000 dollars, there are significant legal developments in two states about crypto reserve initiatives. The draft laws proposed in the parliamentary work in Florida and Arizona have created uncertainties for the investment environment.
Florida
The Florida Assembly’s House Bill 487 and the Senate Bill 550 aimed to invest 10 %of government funds to Bitcoin. However, these bills were postponed indefinitely and were excluded from the interview. Florida authorities did not support crypto -oriented initiatives, while passing the other 230 bills. Similar developments are observed in some other states.
Arizona
The House Bill 1025, which was presented for similar purposes in Arizona, was evaluated within the scope of the plan to create a crypto asset reserve. Arizona Governor Katie Hobbs vetoed the implementation of the bill on the grounds of “unspecified investment”.
Katie Hobbs: “Bitcoin is an investment tool that has not yet been sufficiently tested for state funds.”
However, alternative suggestions such as HB 2749 and SB 1373 in the state are on the agenda.
Bitcoin price estimates
Investment firm Vaneck, Bitcoin’in in 2025 can reach $ 180,000, he said. This estimate; supply contraction is based on the demands of protective assets against institutional investor flows and inflation. Analysts say that more states adopting similar models can have positive effects in the long run.
Developments in Florida and Arizona show that not only local governments but also other states are working for this model. Similar bills continue to be detailed in states such as Alabama, Missouri and Texas. This process brings hopes and reservations about the transition of crypto assets to the strategic reserve model.
Dennis Porter, Satoshi Action Fund CEO, said, “Two more luck” about the new bills in Arizona.
Dennis Porter: “Two new drafts in Arizona may offer additional opportunities for Bitcoin reserves.”
Parliamentary negotiations and veto decisions reveal the uncertainties in crypto reserve applications. Developments in both Florida and Arizona do not directly affect Bitcoin’s long -term price expectations, but a cautious approach between investors. The impact of the changes in legal regulations on the market can be more clearly understood in the coming period.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
