Florida lawmakers are once again pushing to bring Bitcoin into the state’s financial strategy with a new bill introduced for the 2026 legislative session. The move follows a similar proposal from last year that failed to move forward.
The proposal, known as House Bill 1039, was filed on January 7 by Republican Representative John Snyder. If approved, it would create a Florida Strategic Cryptocurrency Reserve Fund that operates separately from the state’s main treasury.
This fund would allow the state to hold and manage digital assets under a carefully controlled system.
The bill gives Florida’s Chief Financial Officer(CFO) the power to decide if and when public funds should be invested in eligible digital assets. To reduce risk, the legislation includes strict safeguards such as independent audits, regular financial reporting, and oversight from an advisory committee focused on investment strategy and risk management.
Bitcoin-Focused Approach
Earlier plans wanted to invest in many cryptocurrencies. The new bill is more careful and focuses mainly on Bitcoin. It allows only those digital assets that have kept a market value of $500 billion or more for the last two years. Right now, only Bitcoin meets this rule, with a market value above $1 trillion.
The bill does not force Florida to invest a fixed amount. Instead, the state’s Chief Financial Officer (CFO) can decide whether to invest, when to invest, and how much to invest.
Older plans talked about investing up to 10% of some state funds in Bitcoin, but the new bill removes this limit and clearly says that pension and retirement funds will not be used.
Senate Support and Growing Momentum
The proposal also has support in the Florida Senate. Republican Senator Joe Gruters has filed companion bills that explain how the Bitcoin reserve would be funded and managed. Together, the House and Senate bills would set clear rules on how Florida buys, stores, and manages digital assets.
Florida’s Chief Financial Officer, Jimmy Patronis, has called Bitcoin “digital gold.” He believes that holding a small amount of Bitcoin could help protect state funds from inflation and a weakening currency. Supporters say the plan is designed for long-term stability, not short-term trading or speculation.
Florida Joins a Growing State Trend
Florida’s new Bitcoin plan follows similar steps taken by other U.S. states. Texas has already made a small investment in a Bitcoin ETF, while New Hampshire allows its treasurer to invest up to 5% of certain public funds in digital assets.
Wyoming, on the other hand, has focused on creating clear crypto laws without investing state money.
This proposal also matches Florida’s overall approach to digital assets. In 2023, Governor Ron DeSantis approved a law that blocks central bank digital currencies (CBDCs) under state law.
This shows Florida’s caution toward government-controlled digital money, while still supporting decentralized options like Bitcoin.
If the bill is approved, it will take effect on July 1, 2026. This would place Florida among a growing list of states that see Bitcoin as a long-term financial asset rather than a short-term risk.
