Florida is reviving its plan to invest state funds in Bitcoin and other digital assets. House Bill 183, introduced by Representative Webster Barnaby, proposes allowing up to 10% of public and pension fund investments to be allocated to cryptocurrencies and related products. The bill outlines a framework for managing these investments with new custody and fiduciary requirements.
The legislation includes Bitcoin, tokenized securities, and NFTs. Florida joins a growing list of states pursuing Bitcoin reserve legislation. This move follows the 2025 White House executive order establishing a federal “Strategic Bitcoin Reserve,” which highlights the potential of Bitcoin as an inflation hedge for state funds.
State-level crypto reserves are gaining traction across the US, with Arizona, New Hampshire and Texas already enacting similar legislation.
The bill now awaits committee hearings in the Florida House. If it advances, it will need approval from both chambers and the governor before becoming law.