Florida legislators are pushing a daring plan to convey cryptocurrency into the state’s monetary system.
Home Invoice 183 proposes permitting the chief monetary officer to dedicate a portion of key public funds to digital property, together with bitcoin, tokenized securities, and NFTs, whereas the Florida Retirement System might make comparable allocations.
The initiative additionally envisions residents paying sure taxes and charges in crypto, mechanically transformed into U.S. {dollars}.
The laws emphasizes safe custody, allowing property to be held by the CFO, certified custodians, or by way of SEC-regulated ETFs. Bitcoin is offered as a possible hedge in opposition to inflation, with the invoice citing the federal Strategic Bitcoin Reserve created by a March 2025 govt order as a guiding framework.
This transfer locations Florida alongside states like Arizona, New Hampshire, and Texas, which have already handed comparable crypto reserve legal guidelines. Consultants word that the federal steerage – limiting the Strategic Bitcoin Reserve to seized cash – has not dampened state enthusiasm, and the pattern of crypto adoption on the state stage is predicted to proceed.
HB 183 now awaits Home committee assessment. If it advances, it is going to nonetheless require Senate approval and the governor’s signature, with an anticipated efficient date of July 1, 2026.
