Establishes the Florida Cryptocurrency Reserve to manage and invest in cryptocurrency for the state's benefit.
The bill creates the Florida Cryptocurrency Reserve, a trust fund within the office of the Chief Financial Officer. The reserve will manage and invest in cryptocurrency to benefit the state, aiming to strengthen financial security, diversify the investment portfolio, and hedge against inflation and economic volatility. The reserve will consist of legislative appropriations, cryptocurrency investments, and earnings from non-cryptocurrency investments. It will be terminated on July 1, 2030, unless reviewed and potentially re-created earlier.
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- Core Provisions
- Implementation
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- Legal Framework
- Critical Issues
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