Florida lawmakers have started the new legislative session with a bill that would let the state’s chief financial officer invest public money in Bitcoin, tokenized assets, and NFTs
The House Bill 183, filed in the Florida House, aims to include digital assets in the state’s investment strategy beginning July 1, 2026.
If approved, the CFO could direct a maximum of 10% of select public funds toward investments in cryptocurrencies or ETPs. Specifically, this allocation would apply to funds such as the General Revenue Fund and various trust funds.
Similarly, a provision would allow the State Board of Administration to invest up to 10% of the Florida Retirement System Trust Fund in digital assets.
Secure Custody and Regulatory Oversight
HB 183 defines digital assets broadly, covering Bitcoin, tokenized securities, and non-fungible tokens (NFTs). To ensure safety, the bill mandates that assets be managed in accordance with stringent custody rules. This may include execution directly by the CFO, through a qualified custodian, or via SEC-registered ETFs.
Additionally, the proposal frames Bitcoin as a store of value and inflation hedge, backed by recent federal actions. Lawmakers cite the March 2025 White House executive order, which creates a Strategic Bitcoin Reserve and digital asset stockpile, as a guiding framework for the state’s plan.
Beyond investment, HB 183 would allow Floridians to pay certain taxes and fees in digital assets. Under this system, any crypto payments would be immediately converted to U.S. dollars before being deposited into the state’s general fund, reducing volatility risks.
Legislative Momentum and National Context
Currently, HB 183 awaits committee assignment in the Florida House. Before becoming law, the bill must pass both the House and Senate and secure the governor’s signature. If enacted, Florida could begin implementing the new policy by mid-2026.
Florida’s push follows a growing national trend of states exploring digital asset investment policies. In 2025, Arizona, New Hampshire, and Texas enacted similar Bitcoin reserve laws, reflecting an expanding state-level appetite for crypto diversification.
According to Julian Fahrer, founder of Bitcoin Laws, over 50 related bills were introduced nationwide this year. He added, “Most of the failed bills you see are because state legislatures adjourned,” noting that interest remains strong and is likely to grow in upcoming sessions.
Federal Context and Market Influence
Meanwhile, the federal government’s new Strategic Bitcoin Reserve, announced earlier in 2025, has given additional legitimacy to these state-led initiatives.
Treasury Secretary Scott Bessent clarified in August 2025 that the reserve would hold only seized Bitcoin, not new purchases. Still, he said the program helped validate the idea and increased pressure on states to follow suit.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
