Florida Representative Webster Barnaby has filed House Bill 183, a reopened attempt to let state officials put public money into digital assets, including Bitcoin and crypto exchange-traded products.
The measure names possible sources such as the General Revenue Fund, the Budget Stabilization Fund, and trust funds, and it would allow the Florida Retirement System Trust Fund to allocate a similar share. Reports also say the bill broadens an earlier Bitcoin-only effort to cover tokenized securities, ETFs, and even NFTs.
It would also require that any taxes or fees paid in crypto be converted into US currency before being credited to state accounts. Those measures are framed as guardrails to limit direct risk to state coffers.
The new text is being read as a softer, more flexible take on the same idea — one that aims to give officials different routes to hold exposure while spelling out limits.
State filings show Rep. Barnaby also introduced House Bill 175 to clarify rules for stablecoin issuers.
According to the bill page and media summaries, qualifying stablecoin issuers would need full collateral backing in US dollars or Treasury securities and public audits at least once a month, and some licensing requirements could be narrowed for those that meet the standards.
The aim appears to be creating a clear, state-level framework for certain payment-focused stablecoins.
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