Florida is pushing forward with a major move—this is their third attempt to incorporate Bitcoin into the state’s financial reserves, and this time the plan is more direct: giving the governor direct control over the Bitcoin strategic reserve.

The previous two proposals were blocked by federal regulations, but Florida has apparently found a new breakthrough. If this passes, with the state government directly managing crypto assets, it would send a significant signal to the entire market—government-level trust endorsements often have a substantial impact on asset prices.

However, reality isn’t that simple. The power struggle between the Federal Reserve and state governments could ultimately render this proposal meaningless; historically, SEC actions have caused similar state-level initiatives to stall. Plus, considering Bitcoin’s inherent volatility, if a large-scale entry leads to a market downturn, the governor might face political costs in the next election.

Interestingly, if Florida succeeds, other states are likely to follow suit, potentially evolving into a political competition over crypto assets—but for ordinary investors, it’s also important to beware of blindly following the trend. Florida’s persistent "try again if unsuccessful" attitude is indeed noteworthy, but the market will never automatically rise just because of government involvement.