Florida | Crypto

The lawsuit was filed days after the president threatened on social media to sue the banking giant for debanking him weeks after his supporters attacked the US Capitol in 2021. US President Donald Trump has filed a lawsuit in Florida state court against JPMorgan, claiming that the banking giant terminated accounts connected to the president and his businesses “without warning or provocation.” According to a Thursday Bloomberg report, Trump filed a complaint in the Miami-Dade County state court, seeking $5 billion in damages from JPMorgan and its CEO, Jamie Dimon. The complaint was not available on the court’s public docket at the time of publication. The lawsuit accused JPMorgan of trade libel and breach of implied covenant of good faith, and Dimon of violating Florida’s deceptive trade practices law. A spokesperson for the bank said the lawsuit had no merit and JPMorgan “does not close accounts for political or religious reasons.” Read more

Crypto majors are mostly flat ahead of today’s supreme court opinion on the trump tariffs; btc +1% at $90,300; eth 13% at $3,090, sol +3% at $138; xrp +1% to $2.10. Polygon (+11%), zec (+11%) and syrup (+7%) led top movers. Jpmorgan said the recent bitcoin and ethereum sell-off may be bottoming, pointing to improving positioning and easing downside pressure after early-year weakness. Bank of america analysts upgraded coinbase to buy, citing improved regulatory clarity, growing institutional adoption, and stronger long-term earnings visibility. Morgan stanley is planning to launch a digital wallet later this year that could support tokenized assets, including private company equity. Florida lawmakers renewed their push for a state-level bitcoin reserve. Ethereum’s validator exit queue fully cleared, easing delays that had impacted liquid staking protocols and validator withdrawals. Polygon labs unveiled the open money stack, an initiative designed to streamline stablecoin payments. Polygon is reportedly close ...

The proposal reduces Florida’s crypto ambitions, effectively limiting eligible assets to Bitcoin and distancing it from pension exposure. Florida lawmakers are advancing a proposal that would allow the state to create a strategic cryptocurrency reserve, narrowing earlier efforts to a framework that would effectively limit holdings to Bitcoin. According to Florida’s legislative records, Senate Bill (SB) 1038, sponsored by Republican Senator Joe Gruters, was filed on Dec. 30 and was referred to the Appropriations Committee on Agriculture, Environment, and General Government on Wednesday, where it must clear hearings and votes before advancing to the Senate floor.  The bill would establish a Florida Strategic Cryptocurrency Reserve, managed by the state’s chief financial officer (CFO), which would allow the office to purchase, hold, manage and liquidate cryptocurrency under a standard similar to those governing public trust assets.  Read more

House Bill 1039 would let Florida invest in crypto outside its treasury, reviving a withdrawn proposal and signaling the GOP’s growing embrace of ‘digital gold.’

Florida’s bold crypto bill and U.S. surplus fuel optimism — Bitcoin price prediction points to a breakout toward $120K. The post Bitcoin Price Prediction: Florida’s Crypto Bill and $198B U.S. Surplus Boost Market Outlook appeared first on Cryptonews.

Florida is back with another attempt to put Bitcoin on the state’s balance sheet. The new bill, HB 183, revives last year’s failed effort but with sharper teeth and broader reach. It once again sets a ceiling of 10% of certain state funds that could be allocated to digital assets, including Bitcoin and regulated ETFs. […] The post Florida tries Bitcoin again: How $218B pension bill makes BTC a state asset this time appeared first on CryptoSlate.

A Florida purveyor of theme park goods is getting a new life thanks to Justin Sun's Tron. But you wouldn't know it from the office space.

The Eleventh Circuit Court of Appeals on July 3 vacated the Northern District of Florida’s 2023 order upholding the Treasury’s sanctions against Tornado Cash and instructed the lower court to dismiss the case.  The one-page mandate ends the Coin Center v. Yellen appeal, the only remaining case over OFAC’s August 2022 designation of the Ethereum-based […] The post US Court vacates Tornado Cash sanctions ruling, orders Florida case dismissal appeared first on CryptoSlate.