Congressman Byron Donalds announced his Florida gubernatorial bid, proposing to integrate crypto into the state’s financial portfolio.
He aims to make Florida a global financial hub, potentially adding Bitcoin if SB 550 legislation passes.
Republican Congressman Byron Donalds announced his campaign for Florida governor during a Fox News interview, framing cryptocurrency adoption as a cornerstone of his economic agenda.
Donalds, representing Florida’s 19th district, proposed transforming the state into a global financial center by integrating digital assets into government operations. His platform includes lowering insurance costs, improving education, and reinforcing environmental safeguards.
“I want to turn Florida into the financial hub of the world. Digital assets have made a home in South Florida. I want to make sure that we become the most business friendly state in our country for businesses to incorporate in our state. But then also for the state to take the lead on cryptocurrency and digital assets. “I would even consider having crypto be a part of the state’s financial portfolio.”
Donalds emphasized plans to position Florida as a business-friendly jurisdiction for companies working with cryptocurrencies. He specifically referenced exploring ways to add Bitcoin to the state’s financial reserves. “Digital assets have made a home in South Florida” he stated, aligning his vision with broader legislative efforts, including Florida’s proposed Strategic Bitcoin Reserve bill (SB 550). The legislation, sponsored by Republican Senator Joe Gruters, would permit state funds to allocate up to 10% to Bitcoin purchases.
“Bitcoin is unique and stands on its own. There is no 2nd best. But saying it’s not a crypto is like saying gold isn’t a metal. […] I’d much prefer people say: ‘Bitcoin is different than all other cryptocurrencies’ than ‘Bitcoin isn’t a cryptocurrency.’ But I also understand why people say the latter as it’s important to differentiate.”
President Donald Trump endorsed Donalds’ candidacy, reinforcing the congressman’s alignment with conservative priorities. Dennis Porter, CEO of the Satoshi Action Fund, praised Donalds’ focus on Bitcoin, though he clarified distinctions between Bitcoin and other cryptocurrencies. “Bitcoin is unique and stands on its own” Porter noted, responding to debates over terminology.
The discussion reflects Florida’s growing role in crypto policy. State lawmakers have advanced measures to formalize Bitcoin holdings, mirroring corporate and institutional trends. Donalds’ campaign amplifies this momentum, positioning Florida as a potential testing ground for public-sector crypto integration.
As debates over terminology and policy continue, Donalds’ bid underscores the intersection of politics and cryptocurrency in redefining economic frameworks.
The post Florida Congressman Byron Donalds Launches Governor Bid with Bitcoin Policy Push appeared first on ETCongressman Byron Donalds announced his Florida gubernatorial bid, proposing to integrate crypto into the state’s financial portfolio.
He aims to make Florida a global financial hub, potentially adding Bitcoin if SB 550 legislation passes.
Republican Congressman Byron Donalds announced his campaign for Florida governor during a Fox News interview, framing cryptocurrency adoption as a cornerstone of his economic agenda.
Donalds, representing Florida’s 19th district, proposed transforming the state into a global financial center by integrating digital assets into government operations. His platform includes lowering insurance costs, improving education, and reinforcing environmental safeguards.
“I want to turn Florida into the financial hub of the world. Digital assets have made a home in South Florida. I want to make sure that we become the most business friendly state in our country for businesses to incorporate in our state. But then also for the state to take the lead on cryptocurrency and digital assets. “I would even consider having crypto be a part of the state’s financial portfolio.”
Donalds emphasized plans to position Florida as a business-friendly jurisdiction for companies working with cryptocurrencies. He specifically referenced exploring ways to add Bitcoin to the state’s financial reserves. “Digital assets have made a home in South Florida” he stated, aligning his vision with broader legislative efforts, including Florida’s proposed Strategic Bitcoin Reserve bill (SB 550). The legislation, sponsored by Republican Senator Joe Gruters, would permit state funds to allocate up to 10% to Bitcoin purchases.
“Bitcoin is unique and stands on its own. There is no 2nd best. But saying it’s not a crypto is like saying gold isn’t a metal. […] I’d much prefer people say: ‘Bitcoin is different than all other cryptocurrencies’ than ‘Bitcoin isn’t a cryptocurrency.’ But I also understand why people say the latter as it’s important to differentiate.”
President Donald Trump endorsed Donalds’ candidacy, reinforcing the congressman’s alignment with conservative priorities. Dennis Porter, CEO of the Satoshi Action Fund, praised Donalds’ focus on Bitcoin, though he clarified distinctions between Bitcoin and other cryptocurrencies. “Bitcoin is unique and stands on its own” Porter noted, responding to debates over terminology.
The discussion reflects Florida’s growing role in crypto policy. State lawmakers have advanced measures to formalize Bitcoin holdings, mirroring corporate and institutional trends. Donalds’ campaign amplifies this momentum, positioning Florida as a potential testing ground for public-sector crypto integration.
As debates over terminology and policy continue, Donalds’ bid underscores the intersection of politics and cryptocurrency in redefining economic frameworks.
The post Florida Congressman Byron Donalds Launches Governor Bid with Bitcoin Policy Push appeared first on ET
