Florida Prepares to Adopt Bitcoin for State Funds, What will be the Impact?

Jakarta, Pintu News – At the start of the 2026 legislative session, Florida submitted a proposal that could integrate Bitcoin into the state’s official investment strategy. This proposal, if approved, would make Florida one of the first US states to manage digital assets as part of its public reserves.

New Legislation: Digital Asset Integration

The bill, introduced by Representative Webster Barnaby, authorizes the state’s Chief Financial Officer to allocate up to 10% of certain funds, including the General Revenue Fund and Budget Stabilization Fund, into Bitcoin (BTC) and other digital asset products. The digital asset products in question include tokenized securities and NFTs (Non-Fungible Tokens).

The measure also grants similar authority to the State Board of Administration, allowing the Florida Retirement System to invest up to 10% of its System Trust Fund in digital assets.

Strict provisions regarding the storage of digital assets only allow ownership through the Chief Financial Officer, a licensed depositor, or an ETF (Exchange-Traded Fund) registered with the SEC. Proponents claim that this framework ensures compliance with federal standards and institutional-grade security.

Modernization and Economic Impact

Julian Fahrer, founder of the Bitcoin Laws tracking platform, stated that the state is trying to modernize its balance sheet. More than 50 digital asset reserve bills have been introduced across the US this year, and Florida is among the earliest movers.

HB 183 also allows citizens to pay certain taxes and fees with digital assets, which will be automatically converted to US dollars and deposited into state accounts.

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This proposal follows an executive order from the White House in March 2025 that established a federal “Strategic Bitcoin Reserve”, using seized digital assets as part of the national reserve. The move is seen as validation for states to explore Bitcoin as a store of value and inflation hedge.

Influence on Policy and Innovation

With the approval of HB 183, Florida could experience a shift in the management of public funds and spark further policy innovation. Bitcoin integration at the state level could also create a model for municipal treasuries and pension funds across the country. Florida has positioned itself as a crypto-supportive state through a series of pioneering policies.

In 2023, the state established an Office of Fintech Policy and launched a Financial Technology Sandbox program in 2025 to test innovative digital financial solutions. These measures have attracted crypto startups and investors, boosting Florida’s reputation as a regional fintech hub.

Conclusion

The combination of these initiatives with HB 183 could strengthen policy continuity and the attractiveness of the Florida market. A clear legal framework and a stance in favor of innovation could accelerate capital inflows and company formation, positioning Florida as one of the most competitive crypto jurisdictions in the United States. HB 183 now awaits a committee hearing in the Florida House of Representatives before advancing to the Senate for further discussion.

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Reference

• BeInCrypto. Florida Moves to Legalize Bitcoin Investments in State Funds. Accessed on October 17, 2025
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