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Florida Stablecoin Bill Clears Senate 37-0, Awaits Governor Ron DeSantis

By bitcoin.com
Mar 9, 2026
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Florida Pushes Ahead With State Stablecoin Rules Tied to Federal GENIUS Act

Licensing provisions would take effect Oct. 1, 2026. Issuers would need to submit applications demonstrating adequate reserves, redemption policies, and anti-money laundering (AML) programs. The Office of Financial Regulation would have 120 days to approve or reject applications, while certain federally approved issuers could qualify for exemptions.

FAQ What is Florida’s stablecoin bill? Florida’s CS/CS/HB 175 creates the first comprehensive state regulatory framework for payment stablecoins in the United States. Does the bill require stablecoins to be fully backed? Yes, issuers must maintain one-to-one reserves using high-quality liquid assets such as U.S. currency and short-term Treasury securities. When would Florida’s stablecoin rules take effect? Most operational requirements begin Oct. 1, 2026, if the governor signs the bill into law. Why is the Florida stablecoin law significant? It establishes a clear regulatory pathway for stablecoin issuers and could make Florida a major hub for digital asset innovation in the United States.
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

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