Florida Eyes Digital Asset Investments

[johnblockbuster]

Florida House Republican Webster Barnaby has filed House Bill 183, proposing that the state and certain public entities be allowed to invest up to 10% of their funds in digital assets, including Bitcoin, crypto ETFs, securities, NFTs, and other blockchain-based products.

The bill, a revised version of Barnaby’s June attempt (HB 487), adds new custody, documentation, and fiduciary standards for holding and lending crypto, and broadens the scope beyond Bitcoin for more diversified digital asset holdings.

If passed, HB 183 would take effect July 1, 2026, allowing the State Board of Administration to invest pension and trust funds in digital assets.

[The_Walking_Dead]

Florida’s move with HB 183 is huge if it passes, it’ll be the first U.S. state to legally allocate part of its treasury into Bitcoin and digital assets. That’s basically a mini–sovereign wealth fund for crypto

[EmTeam]

Florida stepping into digital assets could inspire other states to explore crypto-backed reserves. Smart long-term diversification move.

[jacson4]

Regulated exposure to crypto can boost state-level innovation. Florida might be setting a strong example here.