Florida Revives Bitcoin Reserve Push With New 2026 Bill

Florida lawmakers have reintroduced legislation, House Bill 1039, to create a Strategic Cryptocurrency Reserve Fund outside the main state treasury, allowing the Chief Financial Officer (CFO) to invest public funds in digital assets under specific guardrails.

This new proposal narrows the scope from previous broader crypto efforts that stalled last year, reflecting a preference among Republican lawmakers to treat bitcoin as a reserve asset. The bill grants the CFO discretion over investment timing and allocation, without mandating a minimum. Eligibility for investment is effectively limited to bitcoin, as it is the only digital asset currently meeting the requirement of maintaining at least a $500 billion average market capitalization over the past 24 months.

The legislation mandates independent audits and the creation of an advisory committee for risk management. Supporters view this as a hedge against inflation, similar to "digital gold," while critics remain concerned about bitcoin's volatility. Companion bills in the Senate, sponsored by Sen. Joe Gruters, detail the trust structure. If passed, the measures would govern acquisition and management, with a conditional effective date of July 1, 2026.

(Source：Bitcoin Magazine)