HB 1039 Florida House · 2026 Regular Session

Establishment and Administration of a State Cryptocurrency Reserve

Summary

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.

Bill status died 3 of 5 stages cleared

Introduction

Jan 2026

Committee Review

Mar 2026

House Passage

Feb 2026

Senate Passage

Governor

Introduced Jan 6, 2026 Last action Mar 13, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

H 1039 c1 → H 1039 c2 · 4 edits

MODERATE

The bill was amended to clarify that the new cryptocurrency reserve is a 'Fund' rather than just a 'Reserve' and to rename the advisory committee to include 'Fund' in its title. The most significant change is the addition of a specific definition for 'Board' (State Board of Administration), which clarifies the primary agency responsible for the program. Several operational clauses were updated to refer to the 'board' instead of the 'executive director,' centralizing authority and streamlining decision-making processes.

Scope change

The bill's scope was refined by formally establishing the entity as a 'Fund' and clarifying the specific agency (State Board of Administration) with authority over the reserve, rather than leaving it to the executive director.

DEFINITION

Added a specific definition for 'Board' to identify the State Board of Administration as the governing body.

SCOPE

Changed the title of the reserve from 'Florida Strategic Cryptocurrency Reserve' to 'Florida Strategic Cryptocurrency Reserve Fund' to formally designate it as a special fund.

REQUIREMENT

Updated multiple operational sections to authorize the 'board' to make decisions (such as paying costs and using derivatives) instead of the 'executive director,' centralizing authority.

Renamed the advisory committee to 'Florida Strategic Cryptocurrency Reserve Fund Advisory Committee' to align with the new fund designation.

Floor votes · House Feb 24, 2026

How they voted

22–2

Passed · 2 other

Total votes 26

Feb 24, 2026

D Democratic7

5 Yea 2

71% Yea

R Republican19

17 Yea 2 Nay

89% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 2, 2026

Committee

Bill referred to House Calendar

lower

Feb 27, 2026

Lower · Passed

Reported out of Commerce Committee

lower

Feb 24, 2026

House · Passed

House Vote: pass (22-2-2)

house

Feb 24, 2026

Lower · Passed

Favorable with CS by Commerce Committee

lower

Feb 20, 2026

Lower · Passed

Added to Commerce Committee agenda

lower

Feb 13, 2026

Lower · Passed

Now in Commerce Committee

lower

Feb 13, 2026

Committee

Referred to Commerce Committee

lower

Feb 12, 2026

Lower · Passed

Reported out of Insurance & Banking Subcommittee

lower

Feb 11, 2026

Lower · Passed

Favorable with CS by Insurance & Banking Subcommittee

lower

Feb 9, 2026

Lower · Passed

Added to Insurance & Banking Subcommittee agenda

lower

Jan 12, 2026

Lower · Passed

Now in Insurance & Banking Subcommittee

lower

Jan 12, 2026

Committee

Referred to Commerce Committee

lower

Jan 12, 2026

Committee

Referred to State Administration Budget Subcommittee

lower

Jan 12, 2026

Committee

Referred to Government Operations Subcommittee

lower

Jan 12, 2026

Committee

Referred to Insurance & Banking Subcommittee

lower

2 primary · 1 co-sponsor