BlockBeats news, on October 30, Florida's Chief Financial Officer Jimmy Patronis proposed that the State Board of Administration (SBA) consider launching a pilot project for digital currency investment 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 with Bitcoin as part of his efforts to make Florida a crypto-friendly state.