Florida Lawmaker Revives Crypto Investment Bill for State Funds
- Florida House Bill 183 allows the state to invest up to 10% of certain funds in digital assets, including Bitcoin and crypto ETFs.
- The bill, introduced by lawmaker Webster Barnaby, aims for implementation on July 1, 2026.
- New provisions include custody and fiduciary standards for managing digital assets.
- Only three states—Arizona, New Hampshire, and Texas—have enacted similar Bitcoin reserve bills this year.
- Barnaby also filed HB 175 to ease regulations for stablecoin issuers in Florida.
The revised bill reflects a broader strategy by Florida to diversify its investments in digital assets beyond just Bitcoin, enhancing potential financial flexibility for public funds.
If passed, HB183 would enable significant investment opportunities in digital assets for Florida’s state funds starting July of the designated year. (Source)
