Source: Cryptonews
Original Title: Florida’s Bitcoin ‘digital gold’ reserve bill targets up to 10% of state funds
Original Link:
Florida legislators have introduced bills to establish a Strategic Bitcoin Reserve, with revised proposals set for debate during the 2026 legislative session.
Framework Overview
The framework, divided between HB 183 and SB 1038, was introduced by Representatives Webster Barnaby and Joe Gruters. The bills narrow the scope of eligible digital assets compared to previous 2025 proposals, focusing on Bitcoin, Securities and Exchange Commission-registered cryptocurrency exchange-traded funds, and tokenized securities.
The measures would authorize Florida’s Chief Financial Officer and the State Board of Administration to allocate up to 10 percent of select public funds into eligible digital assets. Covered funds include the General Revenue Fund, the Budget Stabilization Fund, and the Florida Retirement System Trust Fund.
Implementation Details
The legislation requires digital assets to be held either directly by the Chief Financial Officer, through a qualified licensed custodian, or via regulated products such as exchange-traded funds. The bills also permit Florida residents to pay certain state taxes and fees using digital assets, though any cryptocurrency received would be immediately converted to U.S. dollars.
The measures would take effect July 1, 2026, if approved and signed into law. Lawmakers cited a March 2025 executive order creating a U.S. Strategic Bitcoin Reserve from forfeited assets as context for state-level initiatives.
Political Support and Broader Implications
Chief Financial Officer Jimmy Patronis has supported the effort, describing Bitcoin as “digital gold” and stating that limited exposure could enhance diversification within state-managed funds.
Florida follows Arizona, Texas, and New Hampshire, which enacted similar reserve legislation in 2025. The outcome of Florida’s legislative process is expected to influence broader discussions on digital asset integration in public finance frameworks across U.S. states.
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YieldHunter
· 01-11 08:41
lol florida trying to play 4d chess with bitcoin reserves... technically speaking if they actually lock up 10% of state funds in btc, the correlation coefficient with their existing portfolio is gonna be wild. but ngl the real question is—what's the exit strategy here? looks cool on paper until you gotta actually liquidate during bear market pressure 💀
Reply0
just_another_wallet
· 01-11 02:07
This move by Florida is really bold, using 10% of the state's funds to buy Bitcoin? It seems a bit crazy, haha.
View OriginalReply0
GasFeeCrier
· 01-09 00:36
Does the state government hold Bitcoin? Now the US is really getting into it. We'll see next year.
View OriginalReply0
APY_Chaser
· 01-08 11:55
Wow, Florida is planning to invest 10% of funds in Bitcoin? That's a huge risk, the traditional finance circle is going to blow up.
View OriginalReply0
Rekt_Recovery
· 01-08 11:55
ngl, florida going full bitcoin bag holder mode is either genius or the biggest leverage trap ever set... tbh my liquidation ptsd is tingling watching govs yolo into crypto lol
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hodl_therapist
· 01-08 11:54
Florida is really going big, with 10% of the state's funds pouring into Bitcoin. If this continues past 2026, it will be truly crazy.
View OriginalReply0
MEVictim
· 01-08 11:53
This move in Florida is really outrageous, directly pouring public funds into BTC? How much chaos would it take for this to pass?
View OriginalReply0
SnapshotLaborer
· 01-08 11:51
Wow, is Florida really going to put 10% of the state treasury into Bitcoin? That’s a really bold move.
View OriginalReply0
rug_connoisseur
· 01-08 11:45
10%? Come on, it's just another political show. In the end, it'll just follow the mainstream.
View OriginalReply0
WenMoon
· 01-08 11:34
State governments directly buy BTC? That's a bold move, pouring 10% of their reserve funds into it...
Florida's Bitcoin 'Digital Gold' Reserve Bill Targets Up to 10% of State Funds
Source: Cryptonews Original Title: Florida’s Bitcoin ‘digital gold’ reserve bill targets up to 10% of state funds Original Link: Florida legislators have introduced bills to establish a Strategic Bitcoin Reserve, with revised proposals set for debate during the 2026 legislative session.
Framework Overview
The framework, divided between HB 183 and SB 1038, was introduced by Representatives Webster Barnaby and Joe Gruters. The bills narrow the scope of eligible digital assets compared to previous 2025 proposals, focusing on Bitcoin, Securities and Exchange Commission-registered cryptocurrency exchange-traded funds, and tokenized securities.
The measures would authorize Florida’s Chief Financial Officer and the State Board of Administration to allocate up to 10 percent of select public funds into eligible digital assets. Covered funds include the General Revenue Fund, the Budget Stabilization Fund, and the Florida Retirement System Trust Fund.
Implementation Details
The legislation requires digital assets to be held either directly by the Chief Financial Officer, through a qualified licensed custodian, or via regulated products such as exchange-traded funds. The bills also permit Florida residents to pay certain state taxes and fees using digital assets, though any cryptocurrency received would be immediately converted to U.S. dollars.
The measures would take effect July 1, 2026, if approved and signed into law. Lawmakers cited a March 2025 executive order creating a U.S. Strategic Bitcoin Reserve from forfeited assets as context for state-level initiatives.
Political Support and Broader Implications
Chief Financial Officer Jimmy Patronis has supported the effort, describing Bitcoin as “digital gold” and stating that limited exposure could enhance diversification within state-managed funds.
Florida follows Arizona, Texas, and New Hampshire, which enacted similar reserve legislation in 2025. The outcome of Florida’s legislative process is expected to influence broader discussions on digital asset integration in public finance frameworks across U.S. states.