Internet reports that U.S. Republican Senator Joe Gruters of Florida introduced a bill on Friday that would allow states to invest in Bitcoin and other cryptocurrencies. Documents show that in the bill, senators recommended allowing Florida's chief financial officer to use public funds to "invest bitcoin and other digital assets for a purpose." In October last year, Florida's chief financial officer Jimmy Patronis said that the state holds approximately $800 million in "cryptocurrency-related" investments. He has also said that if Donald Trump is elected president, the amount of money invested in cryptocurrencies in the state could increase, and the new bill states that Florida's chief financial officer "must not invest more than 10% of the total funds in any account." Some of the public funding sources mentioned in the bill could be used to invest in Bitcoin, including general income funds, budget stabilization funds, trust funds "and all institutional funds in state agencies and the judiciary."