CS/CS/HB 175: Payment Stablecoin

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

Payment Stablecoin; Revises Florida Control of Money Laundering in Money Services Business Act to include payment stablecoins; requires certain payment stablecoin issuers to comply with certain regulations; prohibits persons from engaging in activity of qualified payment stablecoin issuer without being licensed or exempted from licensure; requires out-of-state state-qualified payment stablecoin issuers to provide specified written notice to OFR; specifies that certain transactions are not regulated under certain provisions; specifies that certain payment stablecoin is not security & not subject to certain provisions; specifies that office remains solely responsible for supervising qualified payment stablecoin issuers or is jointly responsible with Office of Comptroller of Currency for such supervision; prohibits trust company from engaging in activity of qualified payment stablecoin issuer unless trust company obtains certificate of approval or is exempted from such certificate.

Current Bill Version Posted: 3/5/2026 05:59 PM

• Senate Committee References (1)

  1. Rules (RC)

• Related Bills (3)

  Bill Number Subject Filed By Last Action and Location	Relationship Learn more about bill relationships
  H 1087 (er) by Government Operations Subcommittee Pub. Rec./Office of Financial Regulation Last Action: 3/12/2026 H Ordered engrossed, then enrolled	Linked
  S 314 (c2) by Burton Payment Stablecoin Last Action: 3/5/2026 S Laid on Table, refer to CS/CS/HB 175	Similar
  S 1440 (e1) by Martin Public Records/Office of Financial Regulation Last Action: 2/25/2026 H In Messages	Compare

• Citations - Statute (12)

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  560.103	Definitions.	Page 6 (pdf)
  560.123	Florida Control of Money Laundering in Money Services Business Act.	Page 9 (pdf)
  560.125	Unlicensed activity; penalties.	Page 14 (pdf)
  560.501		Page 15 (pdf)
  560.502		Page 18 (pdf)
  560.503		Page 21 (pdf)
  560.504		Page 22 (pdf)
  560.505		Page 27 (pdf)
  560.506		Page 28 (pdf)
  655.50	Florida Control of Money Laundering and Terrorist Financing in Financial Institutions Act.	Page 28 (pdf)
  658.19	Application for authority to organize a bank or trust company.	Page 30 (pdf)
  658.997		Page 31 (pdf)

• Bill History

  S = Senate, H = House

  10/15/2025	H	• Filed
  10/21/2025	H	• Referred to Insurance & Banking Subcommittee • Referred to Commerce Committee • Now in Insurance & Banking Subcommittee
  1/13/2026	H	• 1st Reading (Original Filed Version)
  2/9/2026	H	• PCS added to Insurance & Banking Subcommittee agenda
  2/11/2026	H	• Favorable with CS by Insurance & Banking Subcommittee
  2/13/2026	H	• Reported out of Insurance & Banking Subcommittee • Laid on Table under Rule 7.18(a) • CS Filed • 1st Reading (Committee Substitute 1)
  2/16/2026	H	• Referred to Commerce Committee • Now in Commerce Committee
  2/20/2026	H	• Added to Commerce Committee agenda
  2/24/2026	H	• Favorable with CS by Commerce Committee
  2/26/2026	H	• Reported out of Commerce Committee • Laid on Table under Rule 7.18(a) • CS Filed • Bill referred to House Calendar • Bill added to Special Order Calendar (3/3/2026) • 1st Reading (Committee Substitute 2)
  3/3/2026	H	• Read 2nd time • Amendment 586903 adopted • Amendment 618355 superseded by substitute • Read 3rd time • Added to Third Reading Calendar • CS passed as amended; YEAS 102, NAYS 2
  3/3/2026	S	• In Messages • Referred to Rules • Received
  3/5/2026	S	• Withdrawn from Rules • Placed on Calendar, on 2nd reading • Substituted for CS/CS/SB 314 • Read 2nd time • Read 3rd time • CS passed; YEAS 37 NAYS 0
  3/5/2026	H	• In Messages • Ordered enrolled