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Glossary of Legislative Terms

CS/SB 1038: Florida Strategic Cryptocurrency Reserve

GENERAL BILL by Banking and Insurance ; Gruters

Florida Strategic Cryptocurrency Reserve; Creating the “Florida Strategic Cryptocurrency Reserve Act”; authorizing the Chief Financial Officer to take certain actions in administering and managing the Florida Strategic Cryptocurrency Reserve; authorizing payment of the reasonable cost of administering and managing the reserve from a specified source; authorizing the Chief Financial Officer to purchase cryptocurrency for the reserve only if a specified condition is met; creating the Florida Strategic Cryptocurrency Reserve Advisory Committee for a specified purpose, etc.

Effective Date: On July 1, 2026, but only if SB 1040 or similar legislation takes effect, if such legislation is adopted in the same legislative session or an extension thereof and becomes a law
 Last Action: 1/29/2026 Senate - Now in Appropriations Committee on Agriculture, Environment, and General Government
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Committee on Agriculture, Environment, and General Government (AEG)
  3. Appropriations (AP)

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  • Bill History

    Date Chamber Action
    12/30/2025 Senate • Filed
    1/7/2026 Senate • Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Appropriations
    1/13/2026 Senate • Introduced
    1/23/2026 Senate • On Committee agenda-- Banking and Insurance, 01/28/26, 10:30 am, 412 Knott Building
    1/28/2026 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0
    1/29/2026 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • Now in Appropriations Committee on Agriculture, Environment, and General Government

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  • CS/SB 1038, Committee Substitute 1 (Current Bill Version) Posted 1/29/2026 at 2:20 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 1040 (c1) Trust Funds/Florida Cryptocurrency Reserve Gruters Linked Last Action: 1/29/2026 S Now in Appropriations Committee on Agriculture, Environment, and General Government Track This Bill
    H 1039 Establishment and Administration of a State Cryptocurrency Reserve Snyder Similar Last Action: 1/13/2026 H 1st Reading (Original Filed Version) Track This Bill

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    215.991 Page 2 (pdf)
    215.992 Page 2 (pdf)
    215.993 Page 5 (pdf)

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  • SB 1038, Original Filed Version Posted 12/30/2025 at 1:50 PM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 1/27/2026 (pdf)
    Banking and Insurance (Post-Meeting) 1/29/2026 (pdf)

    Related Bills (2)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    S 1040 Trust Funds/Florida Cryptocurrency Reserve Gruters Linked Last Action: 1/29/2026 S Now in Appropriations Committee on Agriculture, Environment, and General Government Track This Bill
    H 1039 Establishment and Administration of a State Cryptocurrency Reserve Snyder Similar Last Action: 1/13/2026 H 1st Reading (Original Filed Version) Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    152950 - Amendment
    Delete lines 44 - 188 and insert:     		Banking and Insurance
    (Gruters)     		1/27/2026
    10:14 AM     		Replaced by Committee Substitute
    1/29/2026     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    1/28/2026 10:30 AM Banking and Insurance 10 Yeas - 0 Nays

    Citations - Statutes (2)

    Citation Catchline Location in Bill Location In Bill Help
    215.594 Page 2 (pdf)
    215.595 Page 4 (pdf)

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