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Political Parties Turning To Bitcoin? by taskmaster4450

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hive-167922 · @taskmaster4450 ·
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Political Parties Turning To Bitcoin?
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There is a bill in Florida that is making its way through the state legislature.  It was sponsored by the one who is head of the RNC.

In this video I discuss how the bill was written to be replicated.  What is interesting is the idea of a political party turning to Bitcoin.


Here is the article mentioned in the video.

https://bitcoinist.com/bitcoin-trojan-horse-florida-bill-turn-gop-orange/

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vote details (189)
@alohaed · 
Gruters is the Treasurer of the Republican National Committee. He's well respected in Florida and inside establishment Republican Politics. Representative Byron Donalds is the likely to win the Republican nomination for Governor of Florida. 

![image.png](https://images.hive.blog/DQmXcGmpm3g3FqFsixFxTuwKhzWudjRhTPdhVpdXuy9tZRx/image.png)
His entry can be read at https://gop.com/about-our-party/rnc-leaders/

The webpage for SB550 "Investments of Public Funds in Bitcoin" can be seen at the Florida Legislature's page - https://www.flsenate.gov/Session/Bill/2025/550
SB550 has been sent to the Senate Banking Committee in the Florida Legislature. Bill typically have to pass through several committees before they are brought to the floor for a vote. 

The Summary of SB550 reads:

> 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.




Posted using [Political Hive](https://www.politicalhive.org/@alohaed/re-taskmaster4450-m7qwzzsg)
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