BlockBeats News, October 17th, according to The Block, Florida legislators have begun the 2026 legislative session and have proposed adding Bitcoin to the state’s asset allocation. House Bill 183, submitted to the Florida House of Representatives, would allow the state’s Chief Financial Officer to invest up to 10% of designated public funds (including the general revenue fund, budget stabilization fund, and various trust funds) in “digital assets” and exchange-traded products.
Reportedly, the bill defines digital assets to include Bitcoin, tokenized securities, and NFTs, and establishes strict custody requirements: the assets can be held by the Chief Financial Officer, a qualified custodian, or an ETF registered with the SEC. Citing the executive order establishing a federal “Strategic Bitcoin Reserve” by the White House in March 2025 as policy background, the bill positions Bitcoin as a potential store of value for the state’s finances and an inflation hedge tool, scheduled to take effect on July 1, 2026.
