Interestingly, Florida is now starting to consider crypto asset allocation. State Senator Joe Gruters recently promoted two related bills to establish a "Strategic Cryptocurrency Reserve," managed by the state treasurer, as an important part of the government's long-term asset allocation.

How is this reserve funded? It is mainly injected through legislative appropriations, fiscal revenues, and direct purchases of crypto assets. But there is a strict requirement — only mainstream cryptocurrencies with an average market capitalization of over $500 billion in the past two years can be invested in. In other words, they want to select the most recognized coins in the market.

To ensure proper management, the state also plans to establish an advisory committee and set up a regular reporting mechanism to track operations. Currently, these two bills are still in the proposal stage, and actual review and voting will have to wait until the 2026 state legislative session. The signals from this move are quite clear — the traditional financial system's attitude towards crypto assets is indeed changing.