Florida Passes First State-Level Stablecoin Bill in U.S.

 

Florida lawmakers have cleared Senate Bill 314 (SB-314), a state-level stablecoin bill, with final approval now pending from the governor.

 

In a recent post on X, Samuel Armes, founder of the Florida Blockchain Association, said the Florida Senate had cleared Senate Bill 314 with a unanimous 37–0 vote. With this clearance, the bill now awaits final approval from Governor Ron DeSantis.

 

 

According to Armes, “the bill has now passed the Senate and the House and will be signed by DeSantis within the next 30 days.” Once signed by DeSantis, SB-314 will become law.

 

What is the Senate Bill (SB-314)? 

Introduced by Senator Bryan Burton on October 31, 2025, Senate Bill 314 (SB 314) creates a state regulatory framework for companies issuing stablecoins in Florida.

 

SB 314 was introduced to ensure clarity in how stablecoins are issued amid ongoing regulatory disparities, particularly at the state level.

 

By approving SB 314, the Florida Legislature aims to:

1. Provide regulatory clarity for crypto businesses operating in the state.

2. Prevent fraud and financial instability. The bill requires stablecoin issuers to hold actual reserves, protecting users’ funds.

3. Position Florida as a crypto-friendly hub, attracting both blockchain and fintech companies.

 

If SB-314 eventually gets signed into law, stablecoin companies would need Florida’s licensing and approval before they can operate.

 

And to get licensed, these companies would need to show proof of 1:1 reserves backing their stablecoins, have their reserves independently audited, and maintain clear redemption policies that allow users to convert stablecoins to dollars. 

 

Remember the TerraUSD collapse, one of the largest stablecoin failures in 2022, which resulted in losses exceeding $40 billion after the UST coin lost its dollar peg? The SB-314 bill aims to prevent similar events by requiring stablecoin issuers to have their reserves regularly audited.

 

 

The State of Crypto in Florida

Unlike some U.S. states that have imposed strict anti-crypto policies, Florida has positioned itself as one of the most crypto-friendly.

 

In January 2023, the Florida Senate amended the state's Money Services Business (MSB) law to include virtual currency, defining it at the state level and reducing regulatory ambiguity for crypto businesses.

 

In October 2025, the Florida Senate filed House Bill 183, concerning crypto investment authority, and House Bill 175, aimed at stablecoin registration flexibility. If signed into law, the bills would allow Florida’s Chief Financial Officer to allocate up to 10% of certain state funds into Bitcoin and other digital assets, while also easing compliance requirements for stablecoin issuers.