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Florida Passes First State-Level Stablecoin Bill — Crypto CLARITY Act Next?

In a significant move for the crypto industry, the Florida State Senate has passed Senate Bill 314 (SB314), establishing the first state-level regulatory framework for stablecoins in the U.S. The bill, which has also passed the House and is expected to be signed by Governor Ron DeSantis, aims to regulate payment stablecoin issuers by aligning with federal guidelines, including consumer protections and financial stability rules. It revises existing money laundering controls to include stablecoins, requires issuers to be licensed, and clarifies that certain stablecoins are not securities. This development occurs as broader federal crypto legislation continues to face challenges.

bitcoinist03/08 10:49

Florida Passes First State-Level Stablecoin Bill — Crypto CLARITY Act Next?

bitcoinist03/08 10:49

Florida Passes First U.S. State-Level Framework for Payment Stablecoins

Florida has passed the first comprehensive state-level stablecoin regulatory framework in the U.S. The bill, SB 314, establishes clear licensing, operational, and consumer protection rules for payment stablecoin issuers. It requires issuers to be licensed by the state, comply with anti-money laundering (AML) and know-your-customer (KYC) procedures, and submit detailed applications covering financial stability and operational plans. The legislation also clarifies that certain stablecoins are not securities. A companion bill, SB 1440, was passed to ensure the confidentiality of financial information collected from virtual currency businesses. The bill now awaits the governor's signature.

TheNewsCrypto03/07 07:18

Florida Passes First U.S. State-Level Framework for Payment Stablecoins

TheNewsCrypto03/07 07:18

Florida Lawmakers Revive Strategic Bitcoin Reserve Efforts With New Proposal

Florida state representative John Snyder introduced House Bill 1039 to establish a state-run Strategic Cryptocurrency Reserve focused on Bitcoin. The reserve aims to hedge against inflation and enhance economic security for residents. It would be managed by the State Chief Financial Officer (CFO) and funded through legislative appropriations, dedicated revenue, and investment earnings. Only cryptocurrencies with a 24-month average market cap of at least $500 billion qualify—currently only Bitcoin meets this criterion. The bill follows previous unsuccessful legislative efforts to create a Bitcoin reserve in Florida. If passed, Florida would join states like Texas and Arizona in adopting a state Bitcoin reserve strategy.

bitcoinist01/09 07:33

Florida Lawmakers Revive Strategic Bitcoin Reserve Efforts With New Proposal

bitcoinist01/09 07:33

Florida lawmakers propose bill to establish state-run Bitcoin Reserve – Details

Florida lawmakers have proposed legislation to establish a state-run Strategic Bitcoin Reserve. House Bill 1039, filed by Representative John Snyder, and supporting bills from Senator Joe Gruters aim to create an independent fund and the necessary trust infrastructure to hold and manage sovereign digital assets. To qualify for the reserve, a cryptocurrency must have maintained an average market capitalization of at least $500 billion over the past 24 months—a threshold currently met only by Bitcoin. This initiative builds on previous legislative efforts and aligns with a broader trend of U.S. states moving toward Bitcoin adoption, despite a lukewarm market reaction to the news. The move is seen as a strategic, long-term approach to sovereign crypto custody rather than short-term exposure.

ambcrypto01/09 06:02

Florida lawmakers propose bill to establish state-run Bitcoin Reserve – Details

ambcrypto01/09 06:02

Florida Moves to Create Bitcoin Reserve With 10% Public Fund Cap

Florida has introduced two bills, HB 183 and SB 1038, to establish a Strategic Bitcoin Reserve, allowing the state to invest up to 10% of certain public funds—including the General Revenue Fund and state pension assets—into Bitcoin, Bitcoin ETFs, and tokenized securities. The move, aimed at portfolio diversification, includes strict custody rules and requires immediate conversion of crypto tax payments to U.S. dollars. Supported by state leadership, the initiative aligns with a growing trend among U.S. states adopting Bitcoin reserves. If passed, the measures will take effect in July 2026.

TheNewsCrypto01/08 12:48

Florida Moves to Create Bitcoin Reserve With 10% Public Fund Cap

TheNewsCrypto01/08 12:48

Retired NYC restaurant owner charged with DUI in Florida golf cart crash that killed his wife

A retired New York City restaurant owner has been charged with driving under the influence following a golf cart crash in Florida that resulted in the death of his wife. The incident occurred in a residential community. The man was arrested and faces charges related to the DUI crash. Further details about the circumstances of the accident or the court proceedings were not immediately available in the provided content.

nypost12/08 03:44

Retired NYC restaurant owner charged with DUI in Florida golf cart crash that killed his wife