Florida lawmakers have approved new legislation establishing a regulatory framework for payment stablecoins, sending Senate Bill 314 to Governor Ron DeSantis for final approval.
The bill expands the state’s money services law to cover stablecoins and requires issuers to comply with existing financial regulations governing payment services.
It also prohibits the issuance of stablecoins without proper licensing, aiming to ensure that only regulated entities can offer these digital assets within the state.
The legislation passed unanimously in the Florida Senate after previously clearing the House of Representatives. Samuel Armes, founder of the Florida Blockchain Business Association, said the bill is expected to be signed into law within the next 30 days.
If enacted, the measure would provide clearer legal guidelines for companies operating in the stablecoin sector. The move reflects a broader trend among US states seeking to establish regulatory clarity for digital assets while encouraging responsible innovation in blockchain-based payment systems.
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