Loading chat...
FL S1038
Bill
Status
Introduced
12/30/2025
Primary Sponsor
Banking and Insurance
Click for details
AI Summary
- Establishes the Florida Strategic Cryptocurrency Reserve, managed by the Chief Financial Officer, to acquire and hold cryptocurrency as a state investment
- Limits purchases to cryptocurrencies with an average market capitalization of at least $500 billion over the preceding 24 months
- Creates a five-member Advisory Committee, including the Chief Financial Officer as chair and four appointed members with expertise in cryptocurrency investments and digital asset security
- Requires secure custody solutions with geographically diverse data centers, encrypted private keys, multiparty governance, and disaster recovery protocols
- Mandates biennial reports to the Legislature beginning December 31, 2026, detailing holdings, valuations, and management actions; takes effect July 1, 2026, contingent on passage of SB 1040
Legislative Description
Florida Strategic Cryptocurrency Reserve
Last Action
CS by Banking and Insurance read 1st time
2/4/2026
Committee Referrals
Appropriations Subcommittee on Agriculture, Environment, and General Government1/29/2026
Full Bill Text
No bill text available