[Florida CFO Proposes Using Bitcoin To Diversify The State's Pension Fund] According To Crypto Briefing, Jimmy Patronis, Chief Financial Officer Of Florida, Wrote To Chris Spencer, Executive Director Of The Florida Government Management Commission, Asking The Government Management Commission To Submit A Report To Explore The Possibility Of Using Bitcoin And Other Digital Assets As Viable Investments For The State Pension Fund. Patronis Cited Florida's Strong Economic Performance And History Of Innovation As Reasons To Explore The Potential Of Cryptocurrency Investment. He Argued That Bitcoin, Often Referred To As "digital Gold," Is Able To Diversify The State's Investment Portfolio And Provide A Hedge Against The Volatility Of Other Asset Classes. He Suggested That The "Digital Currency Investment Pilot Project" Is A Good Fit For The Florida Growth Fund, Which Allows For More Innovative And Emerging Investments. Patronis' Letter Highlights Recent Developments In The Cryptocurrency Field, Including President Trump's Proposed National Cryptocurrency Reserve Plan And Governor DeSantis' Efforts To Protect Florida Residents From The Impact Of Central Bank Digital Currencies (CBDCs). The Letter Also Points To Other States That Have Taken Action To Invest In Cryptocurrencies. Wisconsin And Michigan Have Invested A Small Portion Of Their Pension Funds In Cryptocurrencies, While The Arizona Senate Has Advanced Work To Include Cryptocurrencies In State Retirement Funds. Additionally, Wyoming And Nebraska Have Enacted Laws To Attract The Cryptocurrency Mining Industry, Including Creating A Framework For Chartering Crypto Banks