CS/HB 1039: Establishment and Administration of a State Cryptocurrency Reserve
GENERAL BILL by Insurance & Banking Subcommittee ; Snyder
Establishment and Administration of a State Cryptocurrency Reserve; Establishes Florida Strategic Cryptocurrency Reserve as special fund assigned to SBA; provides for custody, administration, & management of reserve; provides sources of reserve; authorizes Legislature to appropriate funds for deposit to credit of reserve for specified purposes; authorizes executive director of SBA to pay certain costs using cryptocurrency in reserve or net proceed from sale of cryptocurrency in reserve; provides for investment of money in reserve; authorizes transfer of reserve money to State Treasury; provides requirements for cryptocurrency to be purchased for reserve; authorizes contracts with third parties for administration or management of reserve; authorizes executive director to use derivatives; authorizes contracts with certified public accountants for independent audits; establishes Florida Strategic Cryptocurrency Reserve Advisory Committee within SBA.
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/6/2026 | House |
• Filed |
| 1/12/2026 | House |
• Referred to Insurance & Banking Subcommittee • Referred to Government Operations Subcommittee • Referred to State Administration Budget Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee |
| 1/13/2026 | House |
• 1st Reading (Original Filed Version) |
| 2/9/2026 | House |
• Added to Insurance & Banking Subcommittee agenda |
| 2/11/2026 | House |
• Favorable with CS by Insurance & Banking Subcommittee |
| 2/12/2026 | House |
• Reported out of Insurance & Banking Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed |
