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

bitcoinistОпубліковано о 2026-03-08Востаннє оновлено о 2026-03-08

Анотація

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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Пов'язані питання

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.

Пов'язані матеріали

The Value Distribution of Stablecoins

**Summary: The Value Distribution of Stablecoins** The article argues that stablecoins are evolving from mere trading tools into broader channels for dollar access. It divides the stablecoin ecosystem into four layers to analyze how value is distributed: 1. **Issuance Layer:** Mints stablecoins, holds reserve assets, and captures the spread between reserve yield and user costs (e.g., Tether, Circle). This layer currently earns the largest profit margin. 2. **Infrastructure Layer:** Connects stablecoins to the traditional financial system, handling fiat on/off-ramps, banking integration, compliance (KYC/AML), and asset management (e.g., Bridge, BVNK). This is the "unglamorous" but critical work, building the essential bridges between crypto and real-world finance. 3. **Acquiring/Distribution Layer:** Integrates stablecoins into merchant systems, manages payment flows, and provides enterprise financial software (e.g., Stripe, Coinbase). They act as the access point for businesses. 4. **Application Layer:** The end-users and businesses that ultimately use stablecoins for payments, settlements, or as a store of value. They benefit from convenience but have little pricing power. The core thesis is that while the issuance layer currently dominates profits, the often-overlooked **infrastructure layer holds significant long-term potential**. The real challenge and barrier to mass adoption is not the on-chain transfer of stablecoins (which is simple), but the complex "last mile" integration into existing business workflows, banking systems, and regulatory frameworks across different countries. Companies in this layer are currently in a "land grab" phase, investing heavily to build networks, secure bank partnerships, and establish compliance pathways. While their position is currently pressured by the profitable issuers above and distribution platforms below, the article suggests that if stablecoins become a default financial rail for businesses, the infrastructure providers who have done the hard work of integration will ultimately gain strong pricing power and become entrenched, essential players.

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The Value Distribution of Stablecoins The article argues that stablecoins are evolving from a mere trading tool into a broad "dollar channel." It analyzes the industry's value chain through four layers: 1. **Issuance Layer (e.g., Tether, Circle):** The top layer that mints stablecoins, holds reserve assets, and captures the thickest interest rate spread. 2. **Infrastructure Layer (e.g., Bridge, BVNK):** Connects stablecoins to the traditional financial system, handling critical but complex "dirty work" like fiat on/off-ramps, banking integration, compliance (KYC/AML), and cross-border settlement. 3. **Acquiring/Distribution Layer (e.g., Stripe, Coinbase):** Embeds stablecoins into merchant systems, manages payment flows, and integrates with enterprise software. 4. **Application Layer:** End-users and businesses that ultimately use stablecoins for payments, settlement, or storing value. The author posits that while the issuance layer currently captures the most profit, the most overlooked and potentially critical layer is infrastructure. The core challenge for stablecoin adoption isn't the on-chain transfer (which is simple), but bridging the gap between blockchain and the real-world financial system. This involves solving practical problems for businesses: fiat conversion, reconciliation, tax handling, and user onboarding. Infrastructure companies are currently in a difficult "land-grab" phase—building networks, securing banking relationships, and achieving compliance country-by-country. They face pressure from both the profitable issuance layer above and distribution platforms below. However, the author suggests this layer is building a crucial moat. Once stablecoins become a default business rail, the infrastructure players who have done the hard work of integration may gain significant, durable value and pricing power.

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