Florida's Chief Financial Officer Jimmy Patronis has recommended diversifying the state's retirement fund into cryptocurrencies, but has expressed concerns about government overreach through central bank digital currencies. The state already holds around $800 million in crypto-related investments in its portfolio. Patronis believes that this figure could grow further under a Trump administration. Ripple's upcoming stablecoin is set to launch in the coming weeks, according to CEO Brad Garlinghouse.

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