Florida Narrows Bitcoin Reserve Proposal, What Will Be the Impact?

Updated

January 9, 2026

Gambar Florida Narrows Bitcoin Reserve Proposal, What Will Be the Impact?

Jakarta, Pintu News – Florida is now taking a step forward with a legislative proposal that would allow for the establishment of a strategic crypto reserve focused on Bitcoin . This proposal, known as Senate Bill (SB) 1038, has been submitted to the Appropriations Committee on Agriculture, Environment, and General Government. The move marks a significant change from previous efforts that were broader and covered a range of digital assets.

Changes in Crypto Investment Proposal

SB 1038, filed by Republican Senator Joe Gruters, represents a shift from previous proposals that covered a wide range of digital assets. This proposal only allows the purchase of cryptos that have an average market capitalization of at least $500 billion in the last two years, a requirement that only Bitcoin (BTC) meets. This is an attempt to limit risk and increase security in crypto investments by the state.

us state reserve race chart — Source: Cointelegraph

Previously, in October 2025, Representative Webster Barnaby filed House Bill (HB) 183 which allowed for the investment of up to 10% of state funds in various digital assets. However, the proposal faced rejection due to concerns over pension fund exposure and trust in more speculative assets. SB 1038 removes the involvement of pension and retirement funds and places oversight directly under the state’s Chief Financial Officer (CFO).

Also read: Will BlackRock Collaborate with Ripple?

Crypto Reserve Structure and Oversight

The proposed Florida Strategic Crypto Reserve will be managed by the state CFO. Its duties include purchasing, maintaining, managing, and liquidating Bitcoin (BTC) in accordance with standards governing public trust assets. This marks a more structured and focused approach compared to previous broader proposals.

This strict oversight aims to ensure that the state’s crypto investments are made in a safe and responsible manner. CFOs are also required to report reserve activities to legislative leaders from December 2026, which includes details of holdings, value, and management actions.

Also read: Gold Jewelry Price Today, Friday January 9, 2026

Legislative Process and Future Expectations

SB 1038 still has to pass several stages before it becomes law. This includes gaining approval from the relevant committees and then advancing to the Senate floor for a vote. In addition, the success of SB 1038 hinges on companion legislation that establishes the necessary trust fund mechanism for the reserve.

A companion measure, House Bill (HB) 1039, has also been filed, showing coordinated support from both the Senate and the House. If successful, this will mark an important step in the adoption and integration of blockchain technology and Bitcoin (BTC) in public asset management in Florida.

Conclusion

A recent proposal from Florida to create a strategic crypto reserve focused on Bitcoin (BTC) suggests a more cautious and measured approach to digital technology investment by the state. With strict oversight and a clear structure, this proposal may offer a model for other states to follow in managing digital assets responsibly.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference