Florida legislation · 2026 Regular Session
Florida S1038: Florida Strategic Cryptocurrency Reserve
Status: Failed, March 13, 2026
Creating the "Florida Strategic Cryptocurrency Reserve Act"; authorizing the Chief Financial Officer to take certain actions in administering and managing the Florida Strategic Cryptocurrency Reserve; authorizing payment of the reasonable cost of administering and managing the reserve from a specified source; authorizing the Chief Financial Officer to purchase cryptocurrency for the reserve only if a specified condition is met; creating the Florida Strategic Cryptocurrency Reserve Advisory Committee for a specified purpose, etc.
What the bill says
An act relating to the Florida Strategic Cryptocurrency Reserve; creating s. 215.991, F.S.; providing a short title; creating s. 215.992, F.S.; defining terms; creating s. 215.993, F.S.; authorizing the Chief Financial Officer to take certain actions in administering and managing the Florida Strategic Cryptocurrency Reserve; requiring the Chief Financial Officer to exercise judgment and care in a specified manner in administering and managing the reserve; authorizing payment of the reasonable cost of administering and managing the reserve from a specified source…
From the introduced text, January 29, 2026:
A bill to be entitled An act relating to the Florida Strategic Cryptocurrency Reserve; creating s. 215.991, F.S.; providing a short title; creating s. 215.992, F.S.; defining terms; creating s. 215.993, F.S.; authorizing the Chief Financial Officer to take certain actions in administering and managing the Florida Strategic Cryptocurrency Reserve; requiring the Chief Financial Officer to exercise judgment and care in a specified manner in administering and managing the reserve; authorizing payment of the reasonable cost of administering and managing the reserve from a specified source; authorizing the Chief Financial Officer to purchase cryptocurrency for the reserve only if a specified condition is met; authorizing the Chief Financial Officer to contract with certain third-party entities; authorizing the Chief Financial Officer to invest in derivative instruments of cryptocurrency under certain circumstances; specifying that money in the reserve may be used only for a specified purpose; authorizing the Chief Financial Officer to liquidate assets of the reserve and temporarily transfer the resulting moneys under certain circumstances; requiring that such moneys be returned as soon as practicable and in a specified manner; creating the Florida Strategic Cryptocurrency Reserve Advisory Committee for a specified purpose; specifying the composition of the committee; specifying matters the committee must advise on; specifying that members serve without compensation but may be reimbursed for certain expenses; specifying that members …