Florida OKs 10% Bitcoin, Eases Stablecoin Regulation
Florida lawmakers have filed two bills to integrate digital assets into state finances and clarify stablecoin regulation. House Bill 183 (HB183) authorizes a Bitcoin allocation of up to 10% of the General Revenue Fund, Budget Stabilization Fund and portions of the Florida Retirement System pension funds. The bill requires holdings through licensed custodians or investment in SEC-registered ETFs, and allows tax payments in digital assets converted to USD to mitigate volatility.
House Bill 175 (HB175) simplifies stablecoin regulation by exempting recognized payment stablecoins from redundant licensing, mandating full USD or U.S. Treasury backing and monthly public reserve audits. Both bills take effect on July 1, 2026. Crypto traders should watch Florida’s Bitcoin allocation framework and stablecoin regulation updates, as growing state digital asset investments may drive institutional demand, boost crypto liquidity and impact market compliance.
Bullish
Florida’s decision to allocate up to 10% of major state funds to Bitcoin is a clear signal of growing institutional endorsement, likely boosting demand and reducing market volatility over time. In the short term, the announcement may spur speculative interest and modest price increases for BTC, while long-term effects include deeper liquidity, broader adoption, and enhanced regulatory clarity attracting more institutional capital. Coupled with streamlined stablecoin regulation under HB175, these measures could improve on-chain stability and compliance, further supporting a bullish outlook for Bitcoin.