Florida Consultant Webster Barnaby has filed Home Invoice 183, a reopened try and let state officers put public cash into digital property, together with Bitcoin and crypto exchange-traded merchandise.
In keeping with the Florida Senate invoice textual content, the proposal would let the Chief Monetary Officer and the State Board of Administration handle investments in a variety of tokenized holdings and set guidelines for the way these holdings have to be stored.
What The Invoice Would Permit
Primarily based on experiences, HB 183 would allow as much as 10% of sure public funds to be invested in “digital property” and exchange-traded merchandise.
The measure names doable sources such because the Basic Income Fund, the Price range Stabilization Fund, and belief funds, and it could enable the Florida Retirement System Belief Fund to allocate an analogous share. Studies additionally say the invoice broadens an earlier Bitcoin-only effort to cowl tokenized securities, ETFs, and even NFTs.
New invoice launched by Florida Rep. Webster Barnaby on Wednesday.
Safeguards And Custody Guidelines
In keeping with the invoice language and summaries, the proposal doesn’t go away custody unfastened. It lays out particular holding and custody requirements, permits property to be stored by certified custodians or held by means of exchange-traded merchandise, and permits lending solely when collateralized and in keeping with fiduciary duties.
It will additionally require that any taxes or charges paid in crypto be transformed into US forex earlier than being credited to state accounts. These measures are framed as guardrails to restrict direct danger to state coffers.
As ordinary, Florida is taking the lead on a serious challenge. I’m proud to be working this invoice to put Florida on the leading edge of economic expertise, and to set the instance for different states to observe! https://t.co/9CaAkMfv1z
— Webster Barnaby (@websterbarnaby) October 16, 2025
The place The Invoice Got here From And What Failed Earlier than
This transfer follows an earlier effort that targeted on Bitcoin and did not move committee. Studies have disclosed that the prior proposal collapsed in June, pushing the sponsor to file a broader, rewritten invoice this month.
The brand new textual content is being learn as a softer, extra versatile tackle the identical thought — one which goals to offer officers totally different routes to carry publicity whereas spelling out limits.
Stablecoin Measures Filed Alongside Funding Invoice
State filings present Rep. Barnaby additionally launched Home Invoice 175 to make clear guidelines for stablecoin issuers.
In keeping with the invoice web page and media summaries, qualifying stablecoin issuers would want full collateral backing in US {dollars} or Treasury securities and public audits no less than as soon as a month, and a few licensing necessities may very well be narrowed for people who meet the requirements.
The intention seems to be creating a transparent, state-level framework for sure payment-focused stablecoins.
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