Overview
- House Bill 1039, filed Jan. 7, and companion Senate measures (SB 1038/SB 1040) would establish a Strategic Cryptocurrency Reserve as a special fund outside the State Treasury.
- Florida’s Chief Financial Officer would have custody and management authority, with discretion over whether and when to invest rather than a mandated allocation.
- Only digital assets with a 24‑month average market capitalization of at least $500 billion would qualify, effectively limiting purchases to Bitcoin at present.
- The framework adds audits, an advisory committee, and authority to use third‑party custodians, liquidity providers, and derivatives, with funding from appropriations, investment earnings, recoveries, and blockchain events such as forks or airdrops.
- The package carries a conditional effective date of July 1, 2026 and is now before committees, with the Senate bill already referred to Banking and Insurance and Appropriations as Florida follows moves by Texas, New Hampshire, and Arizona.