Senator Joe Gluters said Florida is in a position to guide the country into consolidating Bitcoin (BTC) into state-level financial reserves.
The remarks made during Interview By Samuel Arms, founder of Florida’s Blockchain Business Association, Gruters emphasized that his legislative vision is to incorporate Bitcoin into public financial infrastructure as part of a broader economic policy framework centered around inflation protection and fiscal autonomy.
The Building S0550, introduced on March 4th, allows Florida’s Chief Financial Officer to allocate up to 10% of assets to Bitcoin from key funds.
The measure also extends the Bureau of Investment to the state board of trustees that govern Florida’s pension plans. Gruters said the law reflects ongoing efforts by Florida to establish itself as a national hub for Bitcoin adoption and financial sovereignty.
He added:
“The (bill) will allow us as Florida to hold some reserves and invest some of our pension dollars and other funds in cryptocurrency.
State-level Bitcoin policy follows federal signals
Gluter framed the law as a broader political realignment on digital assets. Looking at former President Donald Trump’s recent approval of Bitcoin Reserve Strategy, Gluters said the state is ready to track its leads with viable policies.
“The president himself came out and said that basically America will become the world’s Bitcoin capital. I’m happy to be able to follow his lead on this.”
He added that Bitcoin’s appeal among his supporters exceeds financial gains. These people love freedom and Florida wants to be “Pro Fridom State.”
Gruters, who served as treasurer for the Republican National Committee and has been involved in digital asset policy for several years, has linked Bitcoin adoption to his broader fiscal agenda, including reforms to the Florida insurance market.
“It’s about doing everything you can to fix it, make it transparent and try to take away some of the pricing volatility. At the same time, make sure you manage these costs.”
He also points to Florida’s recent role in the Covid-19 pandemic as a destination for what he called “economic refugees,” demonstrating the state’s ability to attract residents in search of fiscal autonomy and clarity of regulations.
“That’s why there are so many opportunities for Bitcoin and other cryptocurrencies because they can come to Florida. We’re going to accept them.”
Gluter expressed confidence that Florida’s policy direction will affect other states, calling it “a place,” saying “the country really follows us in terms of what we’re doing.”
Referring to the federal government’s stance on Bitcoin under Trump’s leadership, Gluters said he believes digital currency will also play a central role in the national reserve.
“It’s a US strategic reserve and will be an investment in the second largest state in the country, like Florida. It’s going round.”
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