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Florida Lawmakers Push for Crypto Reserve Strategy at 2026 Legislative Session

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Florida lawmakers have launched a invoice that seeks to authorize the state to take a position particular public funds in Bitcoin. The proposed laws was launched at the 2026 legislative session.

The House Bill 183 authorizes the state’s chief monetary officer to allocate 10% of public funds into Bitcoin and ETFs. The particular public funds embody the General Revenue Fund and the Budget Stabilization Fund.

Further, the state’s retirement system could be topic to comparable allocation tips, topic to some limitations and situations.

Former Florida CFO Jimmy Patronis already advocated for the state to incorporate Bitcoin in Pension Funds final yr. He known as Bitcoin “digital gold,” which might assist diversify Florida’s portfolio.

Strict Custody and Compliance Measures

The detailed proposal stipulates stringent custody safeguards, mandating that crypto holdings be managed by the CFO and thru certified custodians.

Florida legislators crafted these guardrails to align with federal compliance requirements and institutional funding greatest practices.

The laws, if accepted, would permit Floridians to pay sure taxes and costs in digital property. These funds would then be transformed to {dollars} and despatched to the state’s normal income fund, the proposal learn.

Besides, the invoice clarifies that digital property are usually not restricted to Bitcoin or tokenized securities, however may additionally embody non-fungible tokens (NFTs).

Florida: From Stalling BTC Reserve Plans to Strategic Leap

In May, Florida abandoned efforts to establish a strategic Bitcoin reserve, inserting the state alongside Wyoming, Pennsylvania, Montana, and Oklahoma, which have lately did not move laws permitting Bitcoin-based funding methods.

The newest invoice proposal aligns with comparable frameworks enacted by Arizona, New Hampshire, and Texas, per monitoring platform Bitcoin Laws. Meanwhile, different states are getting ready for new periods in early 2026.

Strategic Bitcoin Reserve payments. Source: Bitcoin Laws

“States are in search of to modernize their stability sheets,” mentioned Julian Fahrer, founding father of Bitcoin Laws.

The House Bill 183 is awaiting additional hearings within the Florida House. The laws would turn into legislation solely of it clears the Senate approval and passes the governor’s signature.

The submit Florida Lawmakers Push for Crypto Reserve Strategy at 2026 Legislative Session appeared first on Cryptonews.

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