Establishes the Florida Strategic Cryptocurrency Reserve to invest in and manage cryptocurrency assets.
The bill creates the Florida Strategic Cryptocurrency Reserve as a special fund outside the State Treasury. The Chief Financial Officer manages the reserve, which includes money from legislative appropriations and revenue dedicated by the Legislature. The reserve can invest in cryptocurrency with a minimum market capitalization of $500 billion. The Chief Financial Officer can contract with third-party entities for custody, liquidity, and audits. The reserve can temporarily transfer funds to the State Treasury for specific purposes.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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