Florida lawmaker reboots crypto reserve bill after the first one flopped

A Florida House Republican has filed a revised measure to let the authorities to put successful integer assets, specified arsenic Bitcoin and crypto ETFs, aft Florida’s operations subcommittee withdrew his archetypal effort successful June.

The Florida House Bill 183 would fto the authorities and definite nationalist entities put up to 10% of their funds successful integer assets similar Bitcoin (BTC), crypto exchange-traded products, crypto securities, non-fungible tokens, and different blockchain-based products, according to the caller measure introduced by Florida lawmaker Webster Barnaby connected Wednesday.

The caller crypto reserve measure is akin to Webster’s HB 487, which was killed successful June, but adds caller custody, documentation, and fiduciary standards for holding and lending integer assets.

Another cardinal summation Barnaby made was to grow the investible integer assets from Bitcoin-only to a broader scope of crypto assets, giving Florida greater flexibility to diversify its integer plus holdings if the measure passes.

Source: Bitcoin Laws

HB 183 seeks to instrumentality effect connected July 1, 2026, and authorize the State Board of Administration to put pension and different spot funds successful integer assets.

Only 3 authorities Bitcoin reserve bills person been enacted

A spree of Bitcoin and integer plus reserve bills were introduced into authorities legislatures during the 2025 legislative session; however, the immense bulk failed, with conscionable 3 bills from Arizona, New Hampshire and Texas being enacted into law.

New Hampshire’s HB 302 allows the treasurer to put up to 5% of nationalist funds successful integer assets with marketplace caps supra $500 cardinal — presently conscionable Bitcoin — portion the Texas Senate Bill 21 specifically establishes a Bitcoin-only reserve.

On the different hand, Arizona’s HB 2749 lone permits the instauration of a integer plus reserve from unclaimed property.

Florida lawmaker filed different crypto measure this week

Barnaby is besides seeking to easiness regulatory requirements for stablecoin issuers successful Florida, filing HB 175 to clarify that recognized outgo stablecoin issuers shouldn’t beryllium required to get abstracted licenses oregon registrations.

Related: Bank of England clarifies program to bounds stablecoins is temporary

The measure requires stablecoin issuers to beryllium afloat collateralized with US dollars oregon treasurys and to behaviour a nationalist audit of those reserves astatine slightest erstwhile a month.

Like HB 183, Barnaby is aiming for the stablecoin measure to instrumentality effect connected July 1, 2026.

Source: Webster Barnaby

California acknowledges crypto spot rights

Last Saturday, California Governor Gavin Newsom signed a caller instrumentality protecting unclaimed crypto from being automatically sold, ensuring that integer assets are preserved successful their archetypal signifier alternatively of being converted to currency earlier being transferred to authorities custody.

The California SB 822 allows crypto relationship holders to retrieve their archetypal crypto by filing a valid assertion with the California State Controller.

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