Florida and Maryland propose bills to allow Bitcoin investment

In the US states of Florida and Maryland, a bill has been proposed to allow state governments to invest in Bitcoin. According to The Block on the 8th (local time), Joe Gruters, president of Florida,
A senator has introduced a bill to allow the state government to invest in Bitcoin and other cryptocurrencies. The bill would allow the Chief Financial Officer of Florida to use public funds to invest in cryptocurrencies.
"Investments must be made in cryptocurrencies, such as Ethereum, Bitcoin, and other virtual assets," and "the investment amount cannot exceed 10% of the total funds."
On the same day, U.S. Representative Kaylin Young also introduced a bill to establish a Bitcoin Strategic Reserve in Maryland.
The state of Maryland plans to launch a Bitcoin Reserve Fund and use Bitcoin as a reserve asset for the state government.