Florida Senate withdraws review of Bitcoin Strategic Reserve Act

According to BlockBeats, on May 6th, two cryptocurrency bills in Florida have been removed from the legislative process, dealing the latest blow to the strategic Bitcoin reserve targets at the state level in the United States. The Florida Senate announced that Florida House Bill 487 and Senate Bill 550 were "indefinitely postponed and withdrawn from consideration" on May 3. The Florida Legislative Assembly adjourned on May 2nd and did not pass the two bills that were supposed to push for legislation to establish a cryptocurrency reserve in the state. （Cointelegraph）