Senate Bill 314, along with Florida House Bill 175, aims to establish a regulatory framework for payment stablecoin issuers in the state. According to Republican Florida State Senator Colleen Burton, this regulatory framework, which aligns with the federal-level GENIUS Act, will include consumer protections and financial stability guidelines.
BITCOIN HISTORY WAS JUST MADE IN FLORIDA
We are now the FIRST STATE to Pass a Stablecoin framework in the nation!
It has now passed the Senate and the House, and will be signed by DeSantis within the next 30 days!
The Senate Bill 314’s overview read:
[This bill] specifies that office remains solely responsible for supervising qualified payment stablecoin issuers or is jointly responsible with Office of Comptroller of Currency for such supervision; prohibits trust company from engaging in activity of qualified payment stablecoin issuer unless trust company obtains certificate of approval or is exempted from such certificate.
The GENIUS Act, which was signed into law in July 2025, provides a framework for stablecoin issuance in the US, while providing a foundation for states like Florida to set up their own crypto-based regulatory structure. Banks Need To Make A ‘Good Deal’ With The Crypto Industry: Trump Interestingly, the first state-level stablecoin bill has passed at a time when the conversations around the broader crypto market structure legislation, the CLARITY Act, are at an all-time high. Despite an approved US House draft, the legislation has yet to pass the Senate, partly due to the banking industry’s concerns over yield-bearing stablecoins. On Tuesday, March 3, United States President Donald Trump said that the banking industry is trying to undermine the GENIUS Act and hold the CLARITY Act hostage. In his admonition, Trump stated that the banks need to make a good deal with the crypto industry. According to the President, the Market Structure bill is another step in the direction of making the US the crypto capital of the world.
