The Florida Senate and House of Representatives have passed the first state-level legislation regulating the use of stablecoins. Governor Ron DeSantis is expected to sign the bill within the next 30 days.
BITCOIN HISTORY WAS JUST MADE IN FLORIDA
— Samuel Armes (@samuelarmes) March 6, 2026
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!
How was this able to happen? Well, because we are literally… pic.twitter.com/KA3odWMPzA
“Florida has been a leader in the world of Bitcoin and remains so to ensure we are the crypto capital of the United States and the entire planet,” said Samuel Armes, founder of the Florida Blockchain Business Association.
The bill aims to establish a legal framework for issuers of payment stablecoins in the state, including consumer protection measures and guidelines for financial stability in accordance with the federal Genius Act.
New provisions amend Florida's anti-money laundering laws in the financial services sector to include stablecoins, requiring issuing companies to comply with existing regulations and prohibiting the creation of assets without a license.
The legislation clarifies that certain payment stablecoins are not considered securities.
The state bill also prohibits issuers from paying interest to token holders, “unless such restrictions are provided by federal law.” This point is a major source of contention in ongoing debates regarding the Clarity Act.
Oversight of the industry will be partially managed by the Florida Office of Financial Regulation, while primary authority will rest with the federal Office of the Comptroller of the Currency.
It’s worth noting that in May 2025, state authorities halted consideration of two bills that would have allowed state funds to be invested in Bitcoin.