Key Insights:
- Crypto News: The Florida Senate passed a stablecoin regulation bill.
- The bill expanded state anti-money-laundering laws to include stablecoins.
- Governor Ron DeSantis now holds the final approval decision.
Florida lawmakers approved a regulatory framework governing payment stablecoins and sent the legislation to Governor Ron DeSantis for review. Senate Bill 314 cleared the Florida Senate unanimously and now awaits the governor’s signature. The measure set operational standards for issuers and aligned the state approach with recent federal stablecoin rules.
Samuel Armes of the Florida Blockchain Business Association said on X that lawmakers completed the legislative process and forwarded the bill to the governor’s office. Armes wrote that the measure passed both chambers and should reach the governor’s desk for signature within the coming month.
Crypto News: Florida Senate Passes Stablecoin Regulation
Florida legislative records showed that Senate Bill 314 created a compliance structure for payment stablecoin issuers operating inside the state. The proposal worked alongside House Bill 175 and established consumer safeguards and financial oversight requirements for digital payment tokens.
Lawmakers structured the bill to mirror federal guidelines introduced through the GENIUS Act. The federal framework, signed in July, addressed the supervision of stablecoin issuers and defined operational standards for token reserves and consumer protection.
The Florida measure clarified that certain payment stablecoins would not qualify as securities under state law. That distinction removed a regulatory overlap that previously complicated how digital tokens were treated by financial authorities.
The legislation also banned the issuance of payment stablecoins without proper licensing. Issuers must comply with existing money services business regulations before offering tokens to residents.
Crypto News: Stablecoins Added To Money Laundering Law
State policy documents showed the bill amended Florida’s Control of Money Laundering in Money Services Business Act. The revision inserted stablecoins into the legal definition of regulated financial activity.
That adjustment required stablecoin issuers to comply with anti-money-laundering procedures already used by licensed money transmitters. Financial oversight agencies gained clearer authority to supervise firms that issue or distribute digital dollar tokens.
The legislation also addressed firms headquartered outside Florida. Operators must notify the Office of Financial Regulation before offering payment stablecoins to residents.
Regulatory supervision will depend on the issuer’s structure and licensing status. Some firms will fall solely under the Office of Financial Regulation, while others will operate under joint oversight with the Office of the Comptroller of the Currency.
The bill also placed restrictions on incentive programs tied to stablecoins. Qualified issuers cannot pay interest or yield to token holders if federal law bans such payments.
Crypto News: Florida Revisits Digital Asset Investment Plans
Legislative filings from last October showed that Florida lawmakers examined another digital asset proposal tied to state investments. Representative Webster Barnaby introduced House Bill 183 to expand the use of public funds for cryptocurrencies.
The proposal allowed the state government and certain public agencies to allocate part of their reserves to digital assets. The legislation capped the allocation threshold at ten percent of eligible funds.
Unlike earlier proposals focused on Bitcoin, the revised measure expanded the eligible asset categories. Lawmakers included exchange-traded products, crypto securities, non-fungible tokens, and other blockchain-based instruments.
That shift reflected a broader strategy by state officials exploring blockchain technology within public investment frameworks. The approach mirrored policy discussions emerging in several U.S. states examining digital asset reserves.
Florida lawmakers revived the investment proposal while the stablecoin framework advanced through the legislative process. Both initiatives formed part of a wider policy effort to address cryptocurrency activity within the state’s economy.
The stablecoin legislation moved faster because it focused on payment infrastructure rather than portfolio allocation rules.
The governor’s office now holds the final decision on the stablecoin bill. If signed, the law will establish Florida’s first formal framework regulating payment stablecoin issuers operating within the state.