• Fri. Nov 1st, 2024

Florida May Increase Crypto Holdings From $800M If Trump Wins

Nov 1, 2024

Jimmy Patronis, chief financial officer (CFO) of the state of Florida, revealed that the state holds $800 million worth of digital assets, and will look to increase the state’s holdings if Donald Trump wins the upcoming election.

On Oct. 31, Patronis told CNBC he would push to expand the state’s crypto holdings under a Trump presidency.

“We have about $800 million in crypto-related investments in our state portfolio,” Patronis said. “I would not be shocked to be able to see that growing under a Trump administration in the near future… I’m going to continue to push forward to make sure that we're doing everything possible to take advantage of this.”

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[Source: TheDefiant]

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