Bill Summary

HB 1039 Establishment and Administration of a State Cryptocurrency Reserve (2026 Session)
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Sponsors
by Snyder, Weinberger Co Sponsors: Barnaby CS Sponsors: Insurance & Banking Subcommittee, Commerce Committee
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Summary
Establishment and Administration of a State Cryptocurrency Reserve: Establishes Florida Strategic Cryptocurrency Reserve Fund as special fund assigned to SBA; provides for objective, custody, administration, & management of reserve; provides sources of reserve; authorizes Legislature to appropriate funds for deposit to credit of reserve for specified purposes; authorizes board to pay certain costs using cryptocurrency in reserve or net proceed from sale of cryptocurrency in reserve; authorizes transfer of reserve money to State Treasury; authorizes board to dispose of certain cryptocurrency received by reserve; provides requirements for cryptocurrency to be purchased for reserve; authorizes contracts with third parties for administration or management of reserve; authorizes board to use derivatives; authorizes contracts with certified public accountants for independent audits; establishes Florida Strategic Cryptocurrency Reserve Fund Advisory Committee within board; provides for committee membership; provides duties & terms of committee members; requires board to adopt rules; requires board to provide to Legislature certain information relating to reserve. Effective Date: January 1, 2027
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committees of reference
   H Insurance & Banking Subcommittee
   H Commerce Committee
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Actions
01/06/26
HOUSE 
Filed
01/12/26
HOUSE 
Referred to Insurance & Banking Subcommittee; Government Operations Subcommittee; State Administration Budget Subcommittee; Commerce Committee
01/12/26
HOUSE 
Now in Insurance & Banking Subcommittee
02/09/26
HOUSE 
On Committee agenda - Insurance & Banking Subcommittee, 02/11/26, 9:00 am, 17 H
02/11/26
HOUSE 
Favorable with CS by Insurance & Banking Subcommittee; 18 Yeas, 0 Nays
02/12/26
HOUSE 
Committee Substitute Text (C1) Filed
02/13/26
HOUSE 
References to Government Operations Subcommittee, State Administration Budget Subcommittee removed; Remaining reference: Commerce Committee
02/13/26
HOUSE 
Now in Commerce Committee
02/20/26
HOUSE 
On Committee agenda - Commerce Committee, 02/24/26, 3:00 pm, 404 H
02/25/26
HOUSE 
Favorable with CS by Commerce Committee on 02/24/26; 22 Yeas, 2 Nays
02/27/26
HOUSE 
Committee Substitute Text (C2) Filed
03/02/26
HOUSE 
Placed on Calendar, on 2nd reading
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bill text & filed amendments
1039
Filed on 01/06/26
PDF
Amendment 475123 DE
Snyder
Filed on 02/10/26
Adopted
PDF
1039C1
Filed on 02/12/26
PDF
Amendment 635237 DE
Snyder
Filed on 02/23/26
Adopted
PDF
1039C2
Filed on 02/27/26
PDF
No amendments to this bill text filed.
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Statute Citations
215.44
215.987
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