Florida legislation · 2026 Regular Session
Florida S1040: Trust Funds/Florida Cryptocurrency Reserve
Status: Failed, March 13, 2026
Creating the Florida Cryptocurrency Reserve, a trust fund, within the office of the Chief Financial Officer; providing for the source of funds and the purpose of the reserve; providing for future review and termination or re-creation of the reserve, etc.
What the bill says
An act relating to trust funds; creating s. 215.994, F.S.; creating the Florida Cryptocurrency Reserve, a trust fund, within the office of the Chief Financial Officer; providing for the source of funds and the purpose of the reserve; providing for future review and termination or re-creation of the reserve; providing a contingent effective date.
From the introduced text, January 29, 2026:
A bill to be entitled An act relating to trust funds; creating s. 215.994, F.S.; creating the Florida Cryptocurrency Reserve, a trust fund, within the office of the Chief Financial Officer; providing for the source of funds and the purpose of the reserve; providing for future review and termination or re-creation of the reserve; providing a contingent effective date. Be It Enacted by the Legislature of the State of Florida: Section 1. Section 215.994, Florida Statutes, is created to read: 215.994 Florida Strategic Cryptocurrency Reserve.-- (1) The Florida Cryptocurrency Reserve is a trust fund created within the office of the Chief Financial Officer. (2) The reserve shall consist of all of the following: (a) Money transferred or deposited to the credit of the reserve by legislative appropriation. The Legislature may appropriate funds for deposit to the credit of the reserve for the purposes and 2. Administering and managing all aspects of the reserve. Administering the reserve includes, but is not limited to, being responsible for and supervising the custody, consultants, external managers, and software related to the implementation of the reserve. (b) Revenue that the Legislature by general law dedicates for deposit to the credit of the reserve. (c) Cryptocurrency purchased using money in or received by the reserve, including any or 2. Distributed pursuant to an airdrop to the …
Sponsors
- Gruters, Joe (R, SD-022) · primary sponsor
Latest actions
- : Died in Appropriations Committee on Agriculture, Environment, and General Government
- : CS by Banking and Insurance read 1st time
- : Now in Appropriations Committee on Agriculture, Environment, and General Government
- : Pending reference review under Rule 4.7(2) - (Committee Substitute)
- : CS by Banking and Insurance; YEAS 10 NAYS 0
- : On Committee agenda-- Banking and Insurance, 01/28/26, 10:30 am, 412 Knott Building
- : Introduced
- : Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Appropriations
- : Filed
Votes
- Senate: S 1040 Filed (January 28, 2026): 10 yea, 0 nay, passed
Subjects: Appropriations, Banking and Insurance, Appropriations Committee on Agriculture, Environment, and General Government
Common questions
- What is S1040?
- S1040 is a bill in the Florida Legislature (2026 Regular Session): Trust Funds/Florida Cryptocurrency Reserve.
- What does S1040 do?
- In its own words: An act relating to trust funds; creating s. 215.994, F.S.; creating the Florida Cryptocurrency Reserve, a trust fund, within the office of the Chief Financial Officer; providing for the source of funds and the purpose of the reserve; providing for future review and termination or re-creation of the reserve; providing a contingent effective date.
- What is the status of S1040?
- Failed as of March 13, 2026. Latest action: Died in Appropriations Committee on Agriculture, Environment, and General Government (March 13, 2026).
- Who sponsored S1040?
- Gruters, Joe (R, SD-022).
- Where is the official record for S1040?
- On the Florida Legislature website: https://www.flsenate.gov/Session/Bill/2026/1040
Source: official Florida record. Tracked by Delilah, AI for legislation across all 50 states and Congress.