Florida legislation · 2026 Regular Session
Florida H1039: Establishment and Administration of a State Cryptocurrency Reserve
Status: Failed, March 13, 2026
Establishes Florida Strategic Cryptocurrency Reserve Fund as special fund assigned to SBA; provides for objective, custody, administration, & management of reserve; provides sources of reserve; authorizes Legislature to appropriate funds for deposit to credit of reserve for specified purposes; authorizes board to pay certain costs using cryptocurrency in reserve or net proceed from sale of cryptocurrency in reserve; authorizes transfer of reserve money to State Treasury; authorizes board to dispose of certain cryptocurrency received by reserve; provides requirements for cryptocurrency to be purchased for reserve; authorizes contracts with third parties for administration or management of reserve; authorizes board to use derivatives; authorizes contracts with certified public accountants for independent audits; establishes Florida Strategic Cryptocurrency Reserve Fund Advisory Committee within board; provides for committee membership; provides duties & terms of committee members; requires board to adopt rules; requires board to provide to Legislature certain information relating to reserve.
What the bill says
An act relating to the establishment and administration of a state cryptocurrency reserve; creating s. 215.987, F.S.; providing definitions; establishing the Florida Strategic Cryptocurrency Reserve Fund as a special fund assigned to the State Board of Administration; providing the objective of the reserve; providing for the custody, administration, and management of the reserve; providing sources of the reserve; authorizing the Legislature to appropriate funds for deposit to the credit of the reserve for specified purposes…
From the introduced text, February 27, 2026:
A bill to be entitled An act relating to the establishment and administration of a state cryptocurrency reserve; creating s. 215.987, F.S.; providing definitions; establishing the Florida Strategic Cryptocurrency Reserve Fund as a special fund assigned to the State Board of Administration; providing the objective of the reserve; providing for the custody, administration, and management of the reserve; providing sources of the reserve; authorizing the Legislature to appropriate funds for deposit to the credit of the reserve for specified purposes; authorizing the board to pay certain costs using the cryptocurrency in the reserve or the net proceed from the sale of cryptocurrency in the reserve; authorizing transfer of the reserve money to the State Treasury under certain circumstances; authorizing the board to dispose of certain cryptocurrency received by the reserve; providing requirements for cryptocurrency to be purchased for the reserve; authorizing contracts with third parties for the administration or management of the reserve; authorizing the board to use derivatives under certain circumstances; authorizing contracts with certified public accountants for independent audits; establishing the words underlined are additions. hb1039-02-c2 FLORIDAHOUSEOFREPRESENTATIVES CS/CS/HB 1039 2026 Florida Strategic Cryptocurrency Reserve Fund Advisory Committee within the board; providing for committee membership; providing duties and terms of committee members; providing construction; requiring the board to adopt rules; amending s. 215.44, F.S.; requiring the board to provide …
Sponsors
- Snyder, John (R, HD-086) · primary sponsor
- Weinberger, Meg (R, HD-094) · primary sponsor
- Webster Barnaby (R, HD-027)
- Barnaby, Webster (R, HD-029)
Latest actions
- : Died on Second Reading Calendar
- : Added to Second Reading Calendar
- : 1st Reading (Committee Substitute 2)
- : Bill referred to House Calendar
- : CS Filed
- : Laid on Table under Rule 7.18(a)
- : Reported out of Commerce Committee
- : Favorable with CS by Commerce Committee
- : Added to Commerce Committee agenda
- : 1st Reading (Committee Substitute 1)
Votes
- House: Commerce Committee (February 24, 2026): 22 yea, 2 nay, passed
- House: Commerce Committee (February 24, 2026): 22 yea, 2 nay, passed
- House: Insurance & Banking Subcommittee (February 11, 2026): 18 yea, 0 nay, passed
- House: Insurance & Banking Subcommittee (February 11, 2026): 18 yea, 0 nay, passed
Common questions
- What is H1039?
- H1039 is a bill in the Florida Legislature (2026 Regular Session): Establishment and Administration of a State Cryptocurrency Reserve.
- What does H1039 do?
- In its own words: An act relating to the establishment and administration of a state cryptocurrency reserve; creating s. 215.987, F.S.; providing definitions; establishing the Florida Strategic Cryptocurrency Reserve Fund as a special fund assigned to the State Board of Administration; providing the objective of the reserve; providing for the custody, administration, and management of the reserve; providing sources of the reserve; authorizing the Legislature to appropriate funds for deposit to the credit of the reserve for specified purposes…
- What is the status of H1039?
- Failed as of March 13, 2026. Latest action: Died on Second Reading Calendar (March 13, 2026).
- Who sponsored H1039?
- Snyder, John (R, HD-086), with 3 co-sponsors.
- Where is the official record for H1039?
- On the Florida Legislature website: https://www.flsenate.gov/Session/Bill/2026/1039
Source: official Florida record. Tracked by Delilah, AI for legislation across all 50 states and Congress.