CS/CS/HB 1039: Establishment and Administration of a State Cryptocurrency Reserve

GENERAL BILL by Commerce Committee, Insurance & Banking Subcommittee, Snyder, Weinberger; (CO-INTRODUCERS) Barnaby

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.

Current Bill Version Posted: 2/27/2026 02:09 PM

• Related Bills (2)

  Bill Number Subject Filed By Last Action and Location	Relationship Learn more about bill relationships
  S 1038 (c1) by Gruters Florida Strategic Cryptocurrency Reserve Last Action: 3/13/2026 S Died in Appropriations Committee on Agriculture, Environment, and General Government	Compare
  S 1040 (c1) by Gruters Trust Funds/Florida Cryptocurrency Reserve Last Action: 3/13/2026 S Died in Appropriations Committee on Agriculture, Environment, and General Government	Compare

• Citations - Statute (2)

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  215.44	Board of Administration; powers and duties in relation to investment of trust funds.	Page 9 (pdf)
  215.987		Page 2 (pdf)

• Bill History

  S = Senate, H = House

  1/6/2026	H	• Filed
  1/12/2026	H	• Referred to Insurance & Banking Subcommittee • Referred to Government Operations Subcommittee • Referred to State Administration Budget Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee
  1/13/2026	H	• 1st Reading (Original Filed Version)
  2/9/2026	H	• Added to Insurance & Banking Subcommittee agenda
  2/11/2026	H	• Favorable with CS by Insurance & Banking Subcommittee
  2/12/2026	H	• Reported out of Insurance & Banking Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed
  2/13/2026	H	• Referred to Commerce Committee • Now in Commerce Committee • 1st Reading (Committee Substitute 1)
  2/20/2026	H	• Added to Commerce Committee agenda
  2/24/2026	H	• Favorable with CS by Commerce Committee
  2/27/2026	H	• Reported out of Commerce Committee • Laid on Table under Rule 7.18(a) • CS Filed
  3/2/2026	H	• Bill referred to House Calendar • 1st Reading (Committee Substitute 2) • Added to Second Reading Calendar
  3/13/2026	H	• Died on Second Reading Calendar