Florida legislators have renewed efforts to add digital assets to the state’s balance sheet with the introduction of House Bill 1039 for the 2026 session.
Filed by Republican Representative John Snyder, the proposal seeks to establish a Strategic Cryptocurrency Reserve Fund managed outside the state treasury by Florida’s chief financial officer.
The bill authorizes discretionary investments in cryptocurrencies, including bitcoin, subject to risk controls, independent audits, and oversight from an advisory committee. Unlike earlier proposals, it does not mandate a minimum allocation, leaving deployment decisions to the CFO.
Supporters describe bitcoin as “digital gold” that could help hedge against inflation and diversify state-managed funds. CFO Jimmy Patronis has publicly endorsed limited exposure to digital assets.
If passed, Florida would join states such as New Hampshire and Texas advancing crypto-friendly legislation, following Wyoming’s long-standing regulatory framework for blockchain and digital asset firms.
You need to login in order to Like
Leave a comment