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Lawmakers in Florida have put forward a bill aimed at permitting the state to invest certain public funds in Bitcoin. This proposed legislation was presented during the 2026 legislative session.
House Bill 183 empowers the state’s chief financial officer to invest 10% of public funds in Bitcoin and exchange-traded funds (ETFs). The public funds in question include the General Revenue Fund and the Budget Stabilization Fund.
NEW: Florida files first Strategic Bitcoin Reserve bill of the 2026 legislative session.
House Bill 183 would allow the state to invest 10% of public funds in digital assets, and permits retirement fund investment. pic.twitter.com/sI4bUBiiB3— Bitcoin Laws (@Bitcoin_Laws) October 16, 2025
Additionally, the state’s retirement system would adhere to similar allocation guidelines, albeit with certain restrictions and conditions.
Former Florida CFO Jimmy Patronis previously supported the inclusion of Bitcoin in Pension Funds last year. He referred to Bitcoin as “digital gold,” suggesting it would aid in diversifying Florida’s investment portfolio.
Strict Custody and Compliance Measures
The comprehensive proposal outlines rigorous custody protocols, requiring that cryptocurrency holdings be overseen by the CFO and managed through qualified custodians.
Florida legislators established these safeguards to ensure alignment with federal compliance requirements and best practices in institutional investment.
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If enacted, the legislation would enable Floridians to settle specific taxes and fees using digital assets. These transactions would subsequently be converted into dollars and directed to the state’s general revenue fund, as stated in the proposal.
Moreover, the bill specifies that digital assets are not restricted to Bitcoin or tokenized securities but may also encompass non-fungible tokens (NFTs).
Florida: From Stalling BTC Reserve Plans to Strategic Leap
In May, Florida halted its attempts to create a strategic Bitcoin reserve, joining states like Wyoming, Pennsylvania, Montana, and Oklahoma, which have recently been unsuccessful in passing legislation for Bitcoin-based investment strategies.
The new bill proposal is in line with similar frameworks adopted by Arizona, New Hampshire, and Texas, according to the tracking platform Bitcoin Laws. Meanwhile, other states are gearing up for new sessions in early 2026.
Strategic Bitcoin Reserve bills. Source: Bitcoin Laws
“States are seeking to modernize their balance sheets,” stated Julian Fahrer, founder of Bitcoin Laws.
House Bill 183 is pending further hearings in the Florida House. The legislation will only become law if it receives Senate approval and is signed by the governor.
The post Florida Lawmakers Push for Crypto Reserve Strategy at 2026 Legislative Session appeared first on Cryptonews.
