Florida's Chief Financial Officer, Jimmy Patronis, stated that he would "not be shocked" to see the state's $800 million cryptocurrency portfolio increase under a potential Trump presidency. Patronis had previously recommended that the state's retirement fund diversify into cryptocurrencies earlier this month, while expressing concerns regarding government overreach via central bank digital currencies.

In a recent interview, Patronis asserted that neglecting cryptocurrency could be a mistake and proposed that Miami might emerge as the "crypto capital of the world." He aims to ensure that state employees receive the best returns on their investments by exploring crypto diversification. He highlighted that other states, including Wisconsin and New Jersey, are also considering similar investments, and that Trump has suggested the establishment of a national crypto stockpile if elected.

Patronis raised alarms regarding Central Bank Digital Currencies (CBDCs), emphasizing the need for protections against federal control over personal transactions. "We need to maintain privacy in our everyday purchases," he remarked.