Brief Take
- Florida’s Governorship candidate, Rep. Byron Donalds, wants to add Bitcoin to the state’s reserve if elected.
- Donalds says Bitcoin is a “great holder of value and of wealth.”
Republican representative for Florida, Bryon Donalds, wants to add Bitcoin to the state’s financial reserves if he wins the Governorship seat. Donalds made this known during an interview with Fox News.
“Digital assets have found a home in Miami-Dade,” Donalds said. “We want to build upon that framework. And one of the things with the state’s portfolio I want to be able to do is probably add Bitcoin to be a piece of the state’s financial portfolio.”
Digital assets are an important part of the global economy & they've found an organic home in Florida.
— Byron Donalds (@ByronDonalds) March 1, 2025
✅The finance industry is leaving NY
✅Make Florida a hub of tokenization
✅Add crypto to our state portfolio
Together, we can make Florida the financial capital of the world. pic.twitter.com/z482EB6XDW
The Rep. brought up the topic unprompted, according to the report. He made claims that Bitcoin is a “great holder of value and of wealth,” one that could potentially preserve the state’s economy in the future.
“And if we incorporate [BTC] into our state’s balance sheet, it could be something that will help us weather any potential future storms economically in the future,” Donalds told Fox News
At the end of his speech, Rep. Donalds admitted that “Florida will become the financial hub of the world, not just America, but of the world.”
Trump issues Executive Order for US crypto reserve
Rep Donalds’ comments are in line with a Sunday executive order by Republican President Donald Trump to set up crypto reserves. The reserve, per Trump’s orders, will host Bitcoin and three other top altcoins, highlighting a fairer regulatory era for crypto in America.
Trump claimed the policy would “make sure the US is the Crypto Capital of the World,” triggering a bullish reaction from the global crypto community. Like fellow Republican Trump, Donalds think setting up a flexible and diverse strategic reserve that includes digital assets could make a geographical location the “world’s financial hub.”
However, while the cryptocurrency keeps riding on these announcements, conservatives are reportedly concerned about spending taxpayer money on risky assets. While proponents and critics of this idea spread across either political divide, it appears the Republicans are bolder in their bid to advance crypto’s cause in the United States.