PANews reported on May 6, according to Cointelegraph, that Florida's House Bill 487 and Senate Bill 550 were "indefinitely postponed and withdrawn from consideration" on May 3. These bills originally planned to allow the state treasury to invest up to 10% of certain public funds in Bitcoin, establishing a state-level crypto reserve.

However, the Florida legislature did not pass the relevant legislation before the end of the session on May 2, officially withdrawing from the state-level Bitcoin reserve bill race. Similar bills had previously failed in South Dakota, Montana, and other places. In contrast, Arizona still has two related proposals pending.