🚀 Florida May Establish a Bitcoin Reserve: SB 1038 Bill Passes First Reading!
Florida has officially joined the competition to create a state-level cryptocurrency reserve. On January 7, 2026, Senate Bill 1038, introduced by Senator Joe Gruters, was submitted to the relevant committee for review. This is a crucial step that could position the 'Sunshine State' as the largest cryptocurrency hub in the United States.
What key information should you know about this initiative?
🔹 Focus on the giant: Although the term "Bitcoin" does not appear in the text, the document introduces a strict criterion—assets must have a market capitalization exceeding $500 billion. Currently, only BTC meets this standard.
🔹 Conservative approach: Given past failures, the new version of the bill is more cautious. The main difference is the prohibition of using pension and trust fund assets. This minimizes social risk to the greatest extent.
🔹 Centralized control: All authority over the purchase, holding, and sale of cryptocurrency assets is transferred to the state's Department of Financial Services (managed by the Chief Financial Officer).
🔹 Following leaders: Florida is drawing lessons from Texas and New Hampshire. Notably, New Hampshire was the first state to pass such legislation.
Why is this important right now?
If approved by the appropriations committee, the bill will be sent to the state Senate for a vote, and then signed by Governor Ron DeSantis. Given his long-standing support for digital assets, the likelihood of signing is very high.
Passage of SB 1038 would send a strong signal to institutional participants: if the state government begins treating BTC as a strategic reserve, the issue of large-scale adoption shifts from theory to practice.
Do you think 2026 will become the year when countries establish BTC reserves? Share your thoughts in the comments below! 👇
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