Florida Revives Bitcoin Reserve Plan for 2026 with a More Cautious Approach
The state of Florida is taking a renewed interest in establishing a Bitcoin reserve, with a revised proposal that aims to launch in 2026. This new attempt is more restrained compared to previous efforts, which failed to gain traction in 2021. The latest bill, introduced in December 2025, focuses on a more limited scope, increasing regulations and oversight to ensure the state’s involvement in cryptocurrency is both secure and transparent.
Key Features of the Revised Proposal
Senate Bill 1038, sponsored by Republican Senator Joe Gruters, outlines the framework for a Florida Strategic Cryptocurrency Reserve. The bill proposes that the state’s Chief Financial Officer (CFO) be authorized to manage and oversee the reserve, with strict guidelines for the purchase, holding, and liquidation of cryptocurrencies. Notably, the legislation requires that any acquired cryptocurrency must have a minimum average market capitalization of $500 billion over the preceding 24 months, effectively limiting the reserve to Bitcoin.
This approach marks a significant departure from Florida’s earlier attempts, which were more ambitious but ultimately unsuccessful. The new proposal emphasizes caution, with detailed rules for custody, oversight, and reporting, including the use of secure custody systems and regular security audits. The CFO would be permitted to contract with regulated third-party providers for services such as auditing, liquidity provision, and custody technology.
Bitcoin Reserves Gain Momentum Across U.S. States
Florida’s renewed push for a Bitcoin reserve is part of a broader trend across the United States. Several states are exploring similar strategies, with New Hampshire being the first to pass a law allowing investments in digital assets with market capitalizations above $500 billion. Texas has adopted a donation-based approach, operating its reserve through a dedicated fund. More than a dozen other states have introduced proposals, with Oklahoma and Utah advancing their bills, while Pennsylvania’s effort has stalled.
Source: Bitcoinreservemonitor
Conclusion and Future Outlook
The revised proposal for a Bitcoin reserve in Florida reflects a more cautious and regulated approach to cryptocurrency investment. As more states explore similar strategies, it will be interesting to observe how these initiatives evolve and whether they contribute to greater mainstream acceptance of digital assets. For the latest developments and updates on Florida’s Bitcoin reserve plan, readers can follow reputable sources and cryptocurrency news outlets.
Original source: https://cryptonews.com/news/florida-bitcoin-reserve-2026-revised/
