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Glossary of Legislative Terms

CS/SB 1038: Florida Strategic Cryptocurrency Reserve

GENERAL BILL by Banking and Insurance ; Gruters

Florida Strategic Cryptocurrency Reserve; Creating the “Florida Strategic Cryptocurrency Reserve Act”; authorizing the Chief Financial Officer to take certain actions in administering and managing the Florida Strategic Cryptocurrency Reserve; authorizing payment of the reasonable cost of administering and managing the reserve from a specified source; authorizing the Chief Financial Officer to purchase cryptocurrency for the reserve only if a specified condition is met; creating the Florida Strategic Cryptocurrency Reserve Advisory Committee for a specified purpose, etc.

Effective Date: On July 1, 2026, but only if SB 1040 or similar legislation takes effect, if such legislation is adopted in the same legislative session or an extension thereof and becomes a law
 Last Action: 1/29/2026 Senate - Now in Appropriations Committee on Agriculture, Environment, and General Government
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Appropriations Committee on Agriculture, Environment, and General Government (AEG)
  3. Appropriations (AP)


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Bill History

Date Chamber Action
12/30/2025 Senate • Filed
1/7/2026 Senate • Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Appropriations
1/13/2026 Senate • Introduced
1/23/2026 Senate • On Committee agenda-- Banking and Insurance, 01/28/26, 10:30 am, 412 Knott Building
1/28/2026 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0
1/29/2026 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• Now in Appropriations Committee on Agriculture, Environment, and General Government