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SB 1040FLORIDA · STATEWIDESession 2026dead
High Impact

Proposed Florida Strategic Cryptocurrency Reserve

Original title: Trust Funds/Florida Cryptocurrency Reserve

March 13, 2026

cryptocurrencystate financetrust fundsinvestment policydigital assets

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The Frame

What this does

The bill creates a new state mechanism for holding and trading digital assets, which could impact the state's long-term investment strategy and financial exposure to cryptocurrency market volatility.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Chief Financial Officer

The office is tasked with the administration, management, and supervision of the new cryptocurrency reserve.

Florida taxpayers

State funds may be appropriated for the reserve, and the state's investment portfolio will include digital assets.

What changed

Last recorded activity March 13, 2026.

What's next

Introduced.

Summary

This bill would establish the Florida Strategic Cryptocurrency Reserve, a state-managed designed to acquire, hold, and manage cryptocurrency assets. The fund would be overseen by the Chief Financial Officer and could be used to invest in digital assets, manage state cryptocurrency holdings, and diversify the state's investment portfolio.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Why It Matters

The bill creates a new state mechanism for holding and trading digital assets, which could impact the state's long-term investment strategy and financial exposure to cryptocurrency market volatility.

Frequently Asked Questions

What is the purpose of the Florida Strategic Cryptocurrency Reserve?
The reserve is intended to acquire and manage cryptocurrency to strengthen the state's financial security, diversify its investment portfolio, and provide a potential hedge against inflation.
Who manages the reserve?
The reserve is created within the office of the Chief Financial Officer, who is responsible for supervising its custody, consultants, and external managers.
Will the reserve exist indefinitely?
No, the reserve is scheduled to terminate on July 1, 2030, unless it undergoes a legislative review process to be re-created.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Voting Record

Motion succeededupper1/28/2026openstates_bulkOfficial roll call ↗

Favorable with Committee Substitute

Total

10

Yes

10

No

0

Present

0

Not Voting

0

Abstain

0

Full roll-call analysis →

Sponsors

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift100% confidence

State-Level Crypto Adoption

The bill marks a formal attempt to integrate cryptocurrency into state-managed investment portfolios as a hedge against inflation.

Florida Strategic Cryptocurrency Reserve

Connected Entities

otherFlorida Strategic Cryptocurrency Reserve“A proposed trust fund to be created within the office of the Chief Financial Off”Map →
personChief Financial Officer“The office designated to house and manage the proposed trust fund.”Map →
locationFlorida“The state jurisdiction where the trust fund would be established.”Map →
bill_numberSB 1040“The primary legislative vehicle for the Florida Cryptocurrency Reserve.”Map →

Sources

Open source document

openstates.org

Analysis Score

0–100
  • Significance85
    How much this matters to a regular citizen
  • Controversy75
    Intensity of disagreement among stakeholders
  • Entertainment40
    Compellingness for a non-policy-wonk reader
  • Buzz60
    Current news / social attention level

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