Florida proposes cryptocurrency reserve, two bills to take effect in July 2026

2025-12-31 03:40:11

【Crypto World】New developments in Florida, USA. On December 31st, State Senator Joe Gruters submitted two key bills.

SB 1038 and SB 1040, these two seemingly similar bill numbers, actually address two different issues. SB 1038 aims to establish a cryptocurrency strategic reserve under the State Treasurer’s Office, essentially meaning the state government will directly hold crypto assets. SB 1040, on the other hand, proposes creating a cryptocurrency reserve trust fund, with clear details on the source of funding and how it will be spent.

However, these two bills will not take effect immediately. According to the schedule, they can only be activated starting July 1, 2026, and there is a prerequisite — both bills must pass within the same legislative session (including any extended sessions). In other words, they are currently just proposals, and subsequent approval depends on how the state legislature votes.

This reflects a gradual shift in the attitude of U.S. states towards digital assets, moving from cautious observation to active embrace.

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BoredStaker

· 18h ago

Florida is really serious this time, but it’s a bit far off since it takes effect in 2026. By the way, both bills need to pass simultaneously, which feels uncertain... Another state trying to copy El Salvador’s playbook. Will it succeed this time? Wait, directly holding crypto assets? The state government is bold enough. It won’t start until 2026. What will the crypto world look like then... Is this a genuine shift or just another big talk? It’s hard to tell for now. Is Bitcoin about to rise again? All states are jumping on the bandwagon.

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NotSatoshi

· 18h ago

Florida's recent moves are somewhat impressive, but the fact that they won't take effect until 2026 is a bit slow. --- Another state is jumping on the bandwagon. It seems this trend is unstoppable. --- Wait, do both bills need to pass? The political game is about to start again, haha. --- Directly holding crypto assets, states are really starting to compete. --- It won't start until 2026. How long do we have to wait? What will the crypto market look like then? --- You can sense the shift in the US from rejection to testing the waters. It's interesting. --- I'm just worried that it will end up being all talk and no action. Let's see how the subsequent votes go.

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GhostInTheChain

· 18h ago

Florida is planning to establish a state-level BTC reserve? Looks like 2026 will be an exciting year. --- Wait, do two bills need to pass simultaneously? Can the lawmakers in Congress work together? I'm skeptical. --- Holding crypto assets directly, is that real? Has the US government finally woken up? --- It won't take effect until 2026, this pace is indeed a bit slow. --- It's still in the proposal stage, don't get too excited yet. The key is the congressional vote. --- Is Florida really going all-in on crypto? Seems a bit unbelievable. --- If the state government directly buys coins, and this actually happens, it will definitely change the game.

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CommunitySlacker

· 19h ago

Florida is serious about this, waiting until 2026 would be over a year, but selling the concept first isn't bad either. When it actually passes, that will be big news. --- Another proposal, another long wait, it feels like this every time, but the fact that the state government is directly holding coins is indeed new. --- Both bills need to pass together to count, the threshold is a bit high, does it seem unlikely? --- It won't take effect until 2026, by then the hype will be gone, the crypto world can't keep up with this speed. --- Joe Gruters is really something, proposing two bills at once, it looks like Florida really wants to copy El Salvador's homework. --- Wait, if that's the case, wouldn't the state government become miners? Interesting...

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