Florida Passes First State-Level Stablecoin Bill in the U.S.

Florida has made history by passing the first state-level legislation in the U.S. to regulate stablecoins, with Governor Ron DeSantis expected to sign the bill within 30 days.

"BITCOIN HISTORY WAS JUST MADE IN FLORIDA. We are now the FIRST STATE to Pass a Stablecoin framework in the nation!" tweeted Samuel Armes, founder of the Florida Blockchain Business Association.

This legislation aims to create a legal structure for stablecoin issuers in Florida, emphasizing consumer protection and financial stability based on the federal Genius Act. It includes amendments to the state's anti-money laundering laws, mandating compliance from issuing companies and barring the creation of assets without proper licensing.

Importantly, the bill clarifies that specific payment stablecoins will not be classified as securities. Additionally, it restricts issuers from offering interest to token holders unless permitted by federal law, a point that has generated debate in discussions surrounding the Clarity Act.

The Florida Office of Financial Regulation will oversee the stablecoin industry, while the federal Office of the Comptroller of the Currency will hold primary authority. This development follows the decision in May 2025, when state officials halted two bills that would have allowed investments in Bitcoin using state funds.