BlockBeats News, on October 30, Florida Chief Financial Officer Jimmy Patronis proposed that the State Board of Administration (SBA) consider launching a pilot program for digital currency investments as part of Florida's growth fund to test the feasibility of cryptocurrency in Florida's pension system.

Under the leadership of Governor Ron DeSantis, Florida has been actively promoting the adoption of cryptocurrency. In 2022, Ron DeSantis proposed allowing businesses to pay state taxes using Bitcoin as part of his efforts to make Florida a crypto-friendly state.