The Florida State Senate in the United States has unanimously passed the Stablecoin Regulation Bill, establishing a state-level regulatory framework for payment stablecoins.

SmartContractAuditor · 2026-03-07T03:51:22+00:00

The Florida State Senate has passed Bill 314, establishing a regulatory framework for the issuance of payment stablecoins and prohibiting issuers from paying interest to holders. A related bill has also been approved, expanding confidentiality protections for virtual currency businesses and others. These bills will be sent to the governor for signature.

SmartContractAuditor

2026-03-07 03:51:22

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Odaily Planet Daily reports that the Florida Senate on Thursday passed Senate Bill 314 with a vote of 37-0, paving the way for establishing a regulatory framework for the issuance of payment stablecoins in the state. The bill, along with the companion House Bill 175, will be submitted to Governor Ron DeSantis for signature within the next 30 days. It is reported that the bill prohibits payment stablecoin issuers from paying any form of interest to holders, provided that “federal law prohibits such payments.” The companion bill CS/CS/SB 1440 was also passed on the same day, expanding confidentiality protections for information related to virtual currency businesses, qualified payment stablecoin issuers, and other institutions to safeguard trade secrets and non-public information. (The Block)

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