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

TheNewsCrypto2026-03-07 tarihinde yayınlandı2026-03-07 tarihinde güncellendi

Özet

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.

Florida lawmakers passed the first comprehensive bill for regulating stablecoins in the United States that aims to provide clear standards for issuers, monitoring, and consumer protection.

On March 6, the Florida Senate passed Bill 314 with 37 votes in favor and zero opposition, and it is currently awaiting Governor Ron DeSantis’ signature. The bill amends the Florida Control of Money Laundering in Money Services Business Act by explicitly including payment stablecoins inside the state’s regulatory framework.

Also, Samuel Armes, founder of the Florida Blockchain Business Association web3 advocacy group, shared a post on X, “We are now the FIRST STATE to Pass a Stablecoin framework in the nation!”

Licensing and Compliance Rules

Florida Senate Bill 314, along with House Bill 175, creates a framework for payment stablecoin

issuers in the state. According to the Senate Bill overview, it forbids anyone from functioning as a qualified payment stablecoin issuer unless they are licensed by the state or exempt from licensure.

Where individuals or firms seeking a license must submit a complete application to the state office, including information on ownership, financial stability, anti-money laundering procedures, and operational plans for creating and redeeming stablecoins.

The bill brings payment stablecoin issuers under the Florida Money Services Business Act, which already requires them to follow AML (Anti-Money Laundering) rules, which always include KYC procedures.

Further, the House bill overview stated that the Office of the Comptroller of the Currency, a major federal banking regulator, while others be jointly supervised by the Office of the Comptroller of the Currency. Then, specifically, the bill makes it very evident that some payment stablecoins are not securities.

Florida Also Passes Companion Bill

With that, last Friday, the Florida Senate and House passed a companion bil, SB 1440l to ensure the secrecy of certain types of financial information. Specifically, it assures that information gathered by the Florida Office of Financial Regulation (OFR) from virtual currency enterprises, qualified payment stablecoin issuers, and trust organizations serving as such issuers remains private.

Highlighted Crypto News Today:

Curve Finance Accuses PancakeSwap of Copying StableSwap Code

İlgili Sorular

QWhat is the significance of Florida Senate Bill 314 in the context of U.S. cryptocurrency regulation?

AFlorida Senate Bill 314 is significant because it is the first comprehensive state-level bill in the United States to create a regulatory framework specifically for payment stablecoins, providing clear standards for issuers, monitoring, and consumer protection.

QWhat are the key licensing requirements for a qualified payment stablecoin issuer under Florida's new bill?

AThe bill requires any individual or firm seeking to function as a qualified payment stablecoin issuer to be licensed by the state or be exempt from licensure. Applicants must submit a complete application to the state office, including information on ownership, financial stability, anti-money laundering procedures, and operational plans for creating and redeeming stablecoins.

QHow does the bill integrate stablecoin issuers into Florida's existing financial regulatory structure?

AThe bill amends the Florida Control of Money Laundering in Money Services Business Act to explicitly include payment stablecoin issuers within the state's regulatory framework, requiring them to follow existing rules, including Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures.

QWhat does the companion bill, SB 1440, aim to achieve?

AThe companion bill, SB 1440, aims to ensure the confidentiality of certain financial information by assuring that data collected by the Florida Office of Financial Regulation (OFR) from virtual currency businesses, qualified payment stablecoin issuers, and trust companies serving as issuers remains private.

QAccording to the bill, are payment stablecoins considered securities?

ANo, the bill makes it explicitly clear that certain payment stablecoins are not considered securities.

İlgili Okumalar

Following the Coldcard Hack, One of the Largest Bitcoin Wallet Hacks Recently, a New Wave of Losses Begins! Losses Are Mounting

Following a major hack targeting Coldcard hardware wallets, losses have surged to approximately 1,367 BTC ($88.6 million) across 4,585 addresses. The third wave of attacks stole an additional 207.7 BTC, exhibiting different patterns from the first two. While initial attacks used shared deposit addresses and targeted P2WPKH wallets, the latest wave employed unique recipient addresses per victim and focused on P2WSH addresses. Analysis by Galaxy Research cannot definitively link all three waves to the same attacker, raising the possibility of a second actor exploiting the known vulnerability. The stolen funds, predominantly from wallets holding under 1 BTC, remain unspent. The vulnerable Coldcard firmware was released in March 2021, and all stolen coins originate from after that date.

cryptonews.ru16 dk önce

Following the Coldcard Hack, One of the Largest Bitcoin Wallet Hacks Recently, a New Wave of Losses Begins! Losses Are Mounting

cryptonews.ru16 dk önce

Trump Media sells another 2,628 BTC, holdings fall to 4,261 BTC

Trump Media & Technology Group has sold an additional 2,628 Bitcoin (worth approximately $165 million), continuing a series of sales over the past seven months. According to blockchain data from Arkham cited by Lookonchain, these latest transfers to Crypto.com bring the company's total reported Bitcoin sales to 7,281 BTC (worth about $545 million), reducing its holdings by 63%. The company's remaining Bitcoin holdings now stand at 4,261 BTC, valued at $269.8 million. Trump Media initially purchased 11,542 BTC at an average price of $118,522 before beginning the sales. This activity occurs amid broader scrutiny of crypto ventures linked to former President Donald Trump, as lawmakers debate the CLARITY Act, which focuses on ethics rules, digital asset ownership, and potential conflicts of interest for public officials.

cointelegraph36 dk önce

Trump Media sells another 2,628 BTC, holdings fall to 4,261 BTC

cointelegraph36 dk önce

In Jinjiang, Fujian, a Storage Super Unicorn Lies Quiet

In Fujian's Jinjiang, a city known for sportswear, lies a quiet semiconductor giant: Fujian Jinhua Integrated Circuit Co. (JHICC). Once a promising domestic DRAM manufacturer alongside Yangtze Memory and ChangXin Memory Technologies (CXMT), its journey was derailed in 2018 when the U.S. placed it on an Entity List and filed criminal charges for alleged trade secret theft. This halted production for years. A turning point came in February 2024 when a U.S. federal court found JHICC not guilty. However, it had lost crucial time. While CXMT soared to become a top-valued A-share company in 2024, JHICC, with an estimated valuation of 80 billion RMB, was just restarting. Its current output is primarily customized DDR4 chips, not the advanced DDR5/HBM demanded for AI, but it still benefits from the broader memory chip upcycle. JHICC's story is tied to Chen Zhengkun, a veteran engineer who left Micron to lead the venture. Founded in 2016 with state-backed funding, JHICC partnered with Taiwan's UMC to develop DRAM technology. Rapid progress was cut short by the U.S. actions, which Micron initiated, partly due to its heavy reliance on the Chinese market. Post-sanctions, Chen's team worked to rebuild the production line with reduced reliance on U.S. technology. According to its records, JHICC achieved small-scale production and revenue growth under immense pressure. It now focuses on the stable "niche" DRAM market (e.g., TVs, routers) with a monthly capacity of ~40,000 wafers, aiming for 60,000 by 2026. It holds over 1,000 patents but remains on the Entity List. For Jinjiang, investing in JHICC was a bold industrial leap. The local government provided unwavering financial and logistical support during the crisis, helping the company survive. JHICC has become the anchor for a growing local semiconductor cluster. Though its scale lags behind domestic peers, JHICC's persistence symbolizes a hard-won foothold in a global market long dominated by Samsung, SK Hynix, and Micron. Having missed one boom, it seeks a place in the new AI-driven memory supercycle.

marsbit1 saat önce

In Jinjiang, Fujian, a Storage Super Unicorn Lies Quiet

marsbit1 saat önce

Amid a 38GW Power Shortage, Why Have Bitcoin Mining Facilities Suddenly Become the New Gateway to AI Compute?

Under the impending threat of a 38GW power deficit projected for US data centers between 2026-2028, decommissioned Bitcoin mining sites are emerging as critical infrastructure for AI compute. A growing number of listed North American miners—including TeraWulf, Hut 8, and Cipher Mining—are pivoting to become "Powered Shell Providers." They are repurposing their existing assets: pre-approved grid connections, land, and substations to offer ready-to-use data center shells to cloud providers and AI companies. This shift capitalizes on the severe bottleneck in securing new, large-scale power access, which can take 5-7 years. Analysts at Morgan Stanley estimate retrofitted mining facilities could supply 10-19GW of the needed capacity. The core value proposition is no longer cryptocurrency mining, but selling a scarce "time to power" advantage in the race for AI infrastructure.

华尔街日报1 saat önce

Amid a 38GW Power Shortage, Why Have Bitcoin Mining Facilities Suddenly Become the New Gateway to AI Compute?

华尔街日报1 saat önce

Michael Saylor: 'We Never Said We Would Never Sell Bitcoin'

Michael Saylor stated that his company never made a commitment to never sell its bitcoin holdings, though it expects to remain a net buyer of bitcoin long-term. His comments came following reports that the company had received new authorization to sell up to $5 billion in bitcoin. Saylor clarified that this authorization is not new and was announced on June 29th as part of the company's capital management strategy. He emphasized that the authorization permits but does not obligate sales for specific purposes and that no new approval has been announced. Saylor also noted the company never officially adopted a "bitcoin will never be sold" policy.

cryptonews.ru2 saat önce

Michael Saylor: 'We Never Said We Would Never Sell Bitcoin'

cryptonews.ru2 saat önce

İşlemler

Spot