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HB 1039FLORIDA · STATEWIDESession 2026dead
High Impact

Proposed Florida Strategic Cryptocurrency Reserve Fund

Original title: Establishment and Administration of a State Cryptocurrency Reserve

March 13, 2026

cryptocurrencystate financeinvestmentgovernment administrationdigital assetsexecutive branchtaxation and finance

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The Frame

What this does

The bill would have authorized the state to use taxpayer-funded appropriations to purchase and hold volatile digital assets, creating a new state-level financial exposure to cryptocurrency markets.

Who is mentioned in the record

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

State Board of Administration

The board would have been responsible for the administration, management, and reporting requirements of the new reserve fund.

Florida residents

Residents' tax dollars could have been appropriated to purchase and manage cryptocurrency assets held by the state.

What changed

Last recorded activity March 13, 2026.

What's next

Introduced.

Summary

This bill proposed creating a state-managed cryptocurrency reserve fund to hold digital assets as a long-term financial investment. The State Board of Administration would have been responsible for managing the fund, selecting assets, and contracting with third-party security and liquidity providers.

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 would have authorized the state to use taxpayer-funded appropriations to purchase and hold volatile digital assets, creating a new state-level financial exposure to cryptocurrency markets.

Frequently Asked Questions

What was the purpose of the proposed reserve?
The stated objective was to grow the reserve to ensure the long-term financial sovereignty of the state and provide a hedge against inflation and economic volatility.
Who would have managed the cryptocurrency?
The State Board of Administration would have had custody and management authority, with the ability to contract with third-party experts for security and trading.
Could the state have lost money?
Yes; the bill authorized the board to acquire and sell cryptocurrency, and the value of these assets is subject to market fluctuations.

News Coverage

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

Voting Record

Motion succeededhouse2/24/2026Official roll call ↗

Favorable With Committee Substitute (Commerce Committee)

Total

26

Yes

22

No

2

Present

0

Not Voting

2

Abstain

0

Motion succeededhouse2/11/2026Official roll call ↗

Favorable With Committee Substitute (Insurance & Banking Subcommittee)

Total

18

Yes

18

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 Digital Asset Adoption

The bill represents a formal attempt to integrate decentralized digital assets into state-level sovereign wealth management.

State Board of Administration

Connected Entities

organizationFlorida Strategic Cryptocurrency Reserve Fund Advisory CommitteeMap →
otherFlorida Strategic Cryptocurrency Reserve FundMap →
organizationState Board of AdministrationMap →
organizationLegislatureMap →

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
  • Entertainment20
    Compellingness for a non-policy-wonk reader
  • Buzz40
    Current news / social attention level

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