According to Foresight News , Florida Representative Joe Gruters has introduced SB 1038 and SB 1040. SB 1038 proposes establishing a Florida Strategic Cryptocurrency Reserve under the Chief Financial Officer's Office, while SB 1040 proposes establishing a Florida Cryptocurrency Reserve Trust, outlining its funding sources and uses. Both bills are set to take effect on July 1, 2026, provided that SB 1040 and SB 1038, or similar legislation, are enacted and passed in the same legislative session or its extension.
Florida lawmakers have introduced two bills to create and manage a strategic cryptocurrency reserve.
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