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

bitcoinistPublished on 2026-03-08Last updated on 2026-03-08

Abstract

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.

In a positive development for the crypto industry, the Florida State Senate has passed a bill to create a regulatory framework for stablecoins at the state level. This move comes amid the struggles to enact a broader crypto market structure bill in the United States.

Florida Creates Stablecoin Framework With New Bill

In a Friday, March 7 post on X, Samuel Armes, founder of the Florida Blockchain Business Association web3 advocacy group, announced that a bill establishing a regulatory framework for stablecoins has passed the state legislature. According to the vocal crypto advocate, this bill, named the “Senate Bill 314 (SB314),” will be signed by Gov. Ron DeSantis over the coming weeks.

Senate Bill 314, along with Florida House Bill 175, aims to establish a regulatory framework for payment stablecoin issuers in the state. According to Republican Florida State Senator Colleen Burton, this regulatory framework, which aligns with the federal-level GENIUS Act, will include consumer protections and financial stability guidelines.

Specifically, the SB314 bill revises the Florida Control of Money Laundering in Money Services Business Act to include stablecoin, while requiring issuers to comply with existing rules and prohibiting unlicensed issuance in the state. The bill also clarified that specific payment stablecoins are not securities and, hence, are not subject to certain provisions.

The Senate Bill 314’s overview read:

[This bill] specifies that office remains solely responsible for supervising qualified payment stablecoin issuers or is jointly responsible with Office of Comptroller of Currency for such supervision; prohibits trust company from engaging in activity of qualified payment stablecoin issuer unless trust company obtains certificate of approval or is exempted from such certificate.

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The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

Related Questions

QWhat is the name of the bill passed by the Florida State Senate to create a regulatory framework for stablecoins?

AThe bill is named Senate Bill 314 (SB314).

QWho is the founder of the Florida Blockchain Business Association that announced the bill's passage?

ASamuel Armes, the founder of the Florida Blockchain Business Association, announced the bill's passage.

QAccording to the bill, are specific payment stablecoins considered securities?

ANo, the bill clarifies that specific payment stablecoins are not securities and are therefore not subject to certain provisions.

QWhich federal-level act does Florida's new stablecoin regulatory framework align with?

AThe regulatory framework aligns with the federal-level GENIUS Act.

QWhat does the bill prohibit for trust companies regarding stablecoin issuance?

AThe bill prohibits a trust company from engaging in the activity of a qualified payment stablecoin issuer unless it obtains a certificate of approval or is exempted from such a certificate.

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