Bill > S1040

This bill establishes the Florida Cryptocurrency Reserve, a trust fund managed by the Chief Financial Officer, to invest in and manage cryptocurrency for the state's benefit, aiming to enhance financial security, diversify investments as a hedge against inflation and economic volatility, and prepare Florida for the digital economy. The reserve will be funded through legislative appropriations, dedicated revenue, and any cryptocurrency acquired through forks or airdrops, with earnings potentially reinvested. The trust fund is scheduled for termination on July 1, 2030, unless terminated earlier, and will undergo review before its scheduled end date, with the bill's effective date contingent on the passage of similar legislation.

Budget and Finance

Banking and Insurance (Senate)

https://www.flsenate.gov/Session/Bill/2026/1040