Florida pushes for cryptocurrency reserve legislation, aiming to include digital assets in the state government's balance sheet

Florida lawmakers are pushing legislation to include digital assets on the state government's balance sheet, proposing the establishment of a state-led cryptocurrency reserve program after related proposals were stalled earlier this year.

The bill was submitted by Republican Representative John Snyder and aims to prepare for the 2026 legislative session. House Bill 1039 (HB 1039) proposes the creation of a "Strategic Cryptocurrency Reserve Fund" independent of the state’s financial system and authorizes the Florida Chief Financial Officer (CFO) to manage cryptocurrency asset investments under an established risk control framework.