Florida lawmakers are proposing a bold plan to introduce cryptocurrency into the state’s financial system.
House Bill 183 proposes to authorize the CFO to dedicate a portion of key state funds to digital assets, including bitcoin, tokenized securities and NFTs, while the Florida Retirement System could make similar allocations.
THE initiative also envisions residents paying certain taxes and fees in crypto, automatically converted to U.S. dollars.
The legislation emphasizes secure custody, allowing assets to be held by the CFO, qualified custodians or through SEC-regulated ETFs. Bitcoin is touted as a potential hedge against inflation, with the bill citing the Federal Bitcoin Strategic Reserve created by a March 2025 executive order as its guiding framework.
The move places Florida alongside states like Arizona, New Hampshire, and Texas, which have already passed comparable crypto reserve laws. Experts note that federal guidelines – limiting Bitcoin’s strategic reserve to seized coins – have not dampened state enthusiasm and that the trend of crypto adoption at the state level is expected to continue.
HB 183 now awaits House committee consideration. If it moves forward, it will still require Senate approval and the governor’s signature, with an expected effective date of July 1, 2026.
