Florida Introduces Bill to Include Bitcoin in Public Funds

Florida lawmakers have introduced House Bill 183 to include Bitcoin as a financial tool within state investment portfolios during the 2026 legislative session.

The bill signifies a shift towards digital assets, positioning Bitcoin as a potential inflation hedge for public funds, while awaiting committee approval and possible enactment.

Florida’s Bold Move: 10% Public Funds to Bitcoin

Florida House Bill 183 aims to incorporate Bitcoin into the state’s financial portfolio. Introduced by Representative Webster Barnaby, the bill seeks to allocate up to 10% of public funds to digital assets, including Bitcoin, ETFs, tokenized securities, and NFTs.

Changes proposed in the bill involve expanding Florida’s investment strategies. The plan includes allowing residents to use Bitcoin to pay certain taxes and fees, fundamentally altering state financial interactions.

“Bitcoin isn’t just digital gold—it’s a strategic asset that safeguards taxpayer dollars from fiat erosion.” — Representative Webster Barnaby

Reactions are notably positive. Samuel Armes, of the Florida Blockchain Business Association, supports the bill for promoting Bitcoin as a financial backbone. Community sentiments on social media highlight optimism towards institutional cryptocurrency integration.

Potential Impacts of Florida’s Bitcoin Initiative

Did you know? January 2025 saw a U.S. presidential executive order commissioning a Bitcoin feasibility study, influencing states like Florida to consider Bitcoin in their financial strategies.

Bitcoin, currently priced at $108,413.39, holds a market cap of $2.16 trillion, according to CoinMarketCap. The cryptocurrency experienced a 2.14% drop over 24 hours amid market shifts, maintaining a market dominance of 58.91%.

The Coincu research team suggests the bill’s approval could encourage further cryptocurrency adoption across state governments, expediting Bitcoin’s acceptance as a legitimate financial tool. This may lead to a ripple effect of institutional confidence.