Although the enthusiasm for establishing a Bitcoin (BTC) reserve in the United States has somewhat diminished compared to its early days, efforts are still underway.
Recently, Florida—one of the nation’s most populous states—has made headlines with new developments. State lawmakers have proposed legislation aimed at creating a government-managed cryptocurrency reserve, reviving an initiative that was previously put on hold.
The bill, introduced by Republican Representative John Snyder, suggests forming a Strategic Cryptocurrency Reserve Fund separate from Florida’s main treasury. It also grants authority to the state’s chief financial officer (CFO) to oversee crypto investments within a defined risk management framework.
Known as Bill 1039 for the 2026 legislative session, this proposal brings back concepts from a similar bill withdrawn in 2025. That earlier draft would have permitted up to 10% of public funds to be allocated into Bitcoin investments.
While this new version allows investing up to 10% of state assets in Bitcoin, it does not mandate any minimum amount. The discretion regarding if and when these investments occur rests solely with the CFO.
The primary motivation behind this legislation is reportedly to provide protection against inflationary pressures on public finances.
If enacted into law, Florida would join an emerging group of states—including New Hampshire, Wyoming, and Texas—that are advancing laws related to digital assets. Notably, New Hampshire recently became the first state explicitly permitting public funds investment in cryptocurrencies; meanwhile Florida’s efforts have served as inspiration for other lawmakers nationwide.
This content is provided for informational purposes only and should not be considered investment advice.