SB 1040 Florida Senate · 2026 Regular Session

Trust Funds/Florida Cryptocurrency Reserve

Summary

Trust Funds/Florida Cryptocurrency Reserve; Creating the Florida Cryptocurrency Reserve, a trust fund, within the office of the Chief Financial Officer; providing for the source of funds and the purpose of the reserve; providing for future review and termination or re-creation of the reserve, etc.

Bill status died 1 of 4 stages cleared

Introduction

Jan 2026

Committee Review

Floor Vote

Governor

Introduced Jan 13, 2026 Last action Mar 13, 2026

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What changed between versions

S 1040 Filed → S 1040 c1 · 4 edits

MODERATE

The bill was amended from its original version to create a Florida Cryptocurrency Reserve trust fund within the Chief Financial Officer's office. The main substantive change is that the statute number was changed from 215.596 to 215.994, and additional language was added to clarify administrative responsibilities and asset scope. The bill also includes a contingent effective date tied to similar legislation.

Scope change

The bill's scope was expanded to include supervision of custody, consultants, external managers, and software related to the reserve, and to authorize assets beyond just those specified in the section.

TECHNICAL

The statute number changed from Section 215.596 to Section 215.994 in the Florida Statutes.

REQUIREMENT

Added detailed language specifying that administering the reserve includes responsibility for custody, consultants, external managers, and software related to the reserve.

Changed 'Administering and managing the reserve' to 'Administering and managing all aspects of the reserve' for clarity.

SCOPE

Expanded the purpose language to include assets authorized in Section 215.993 in addition to those specified in this section.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jan 29, 2026

Upper · Passed

Now in Appropriations Committee on Agriculture, Environment, and General Government

upper

Jan 29, 2026

Upper · Passed

Pending reference review under Rule 4.7(2) - (Committee Substitute)

upper

Jan 23, 2026

Upper · Passed

On Committee agenda-- Banking and Insurance, 01/28/26, 10:30 am, 412 Knott Building

upper

Jan 13, 2026

Introduced

upper

Jan 7, 2026

Committee

Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Appropriations

upper

1 primary · 0 co-sponsors