Florida lawmakers have introduced a bill that would allow the state to create and manage an official Bitcoin reserve, in a new push to formally integrate cryptocurrencies into public finances before the start of the 2026 legislative session on January 13.
The initiative, identified as Senate Bill 1038, calls for the creation of a "Florida Strategic Cryptocurrency Reserve," which would be overseen by the state's chief financial officer.
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Unlike previous proposals that sought to allow investments in Bitcoin within existing public funds, this measure would establish an independent structure, with specific custody regulations, transparency requirements, and its own advisory committee.
The proposal would authorize the chief financial officer to acquire only cryptocurrencies with a minimum average market capitalization of $500 billion over the past two years, a filter that, in practice, would limit investments to Bitcoin for the time being.