CS/CS/HB 1039: Establishment and Administration of a State Cryptocurrency Reserve
GENERAL BILL by Commerce Committee ; Insurance & Banking Subcommittee ; Snyder ; Weinberger ; (CO-INTRODUCERS) Barnaby
Establishment and Administration of a State Cryptocurrency Reserve; Establishes Florida Strategic Cryptocurrency Reserve Fund as special fund assigned to SBA; provides for objective, custody, administration, & management of reserve; provides sources of reserve; authorizes Legislature to appropriate funds for deposit to credit of reserve for specified purposes; authorizes board to pay certain costs using cryptocurrency in reserve or net proceed from sale of cryptocurrency in reserve; authorizes transfer of reserve money to State Treasury; authorizes board to dispose of certain cryptocurrency received by reserve; provides requirements for cryptocurrency to be purchased for reserve; authorizes contracts with third parties for administration or management of reserve; authorizes board to use derivatives; authorizes contracts with certified public accountants for independent audits; establishes Florida Strategic Cryptocurrency Reserve Fund Advisory Committee within board; provides for committee membership; provides duties & terms of committee members; requires board to adopt rules; requires board to provide to Legislature certain information relating to reserve.
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Bill History
Date Chamber Action 1/6/2026 House • Filed
1/12/2026 House • Referred to Insurance & Banking Subcommittee
• Referred to Government Operations Subcommittee
• Referred to State Administration Budget Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
1/13/2026 House • 1st Reading (Original Filed Version)
2/9/2026 House • Added to Insurance & Banking Subcommittee agenda
2/11/2026 House • Favorable with CS by Insurance & Banking Subcommittee
2/12/2026 House • Reported out of Insurance & Banking Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
2/13/2026 House • Referred to Commerce Committee
• Now in Commerce Committee
• 1st Reading (Committee Substitute 1)
2/20/2026 House • Added to Commerce Committee agenda
2/24/2026 House • Favorable with CS by Commerce Committee
2/27/2026 House • Reported out of Commerce Committee
• Laid on Table under Rule 7.18(a)
• CS Filed
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CS/CS/HB 1039, Committee Substitute 2 (Current Bill Version) Posted 2/27/2026 at 2:09 PM
Bill Text: PDF Analyses: None Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1038 (c1) Florida Strategic Cryptocurrency Reserve Gruters Compare Last Action: 2/4/2026 S CS by Banking and Insurance read 1st time 
S 1040 (c1) Trust Funds/Florida Cryptocurrency Reserve Gruters Compare Last Action: 2/4/2026 S CS by Banking and Insurance read 1st time
Citations - Statutes (2)
Citation Catchline Location in Bill Location In Bill Help 215.44 Board of Administration; powers and duties in relation to investment of trust funds. Page 9 (pdf) 215.987 Page 2 (pdf) -
CS/HB 1039, Committee Substitute 1 Posted 2/12/2026 at 3:30 PM
Bill Text: PDF Analyses: Commerce Committee (Post-Meeting) 2/27/2026 (pdf)
Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1038 (c1) Florida Strategic Cryptocurrency Reserve Gruters Compare Last Action: 2/4/2026 S CS by Banking and Insurance read 1st time
S 1040 (c1) Trust Funds/Florida Cryptocurrency Reserve Gruters Compare Last Action: 2/4/2026 S CS by Banking and Insurance read 1st time
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 635237 - Strike All Amendment
Remove everything after the enacting clause and insert:Snyder 2/23/2026
5:11 PMAdopted
2/25/2026PDF Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 215.987 Page 2 (pdf) -
HB 1039, Original Filed Version Posted 1/6/2026 at 12:23 PM
Bill Text: PDF Analyses: Insurance & Banking Subcommittee (Post-Meeting) 2/13/2026 (pdf)
Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 1038 (c1) Florida Strategic Cryptocurrency Reserve Gruters Similar Last Action: 2/4/2026 S CS by Banking and Insurance read 1st time
S 1040 (c1) Trust Funds/Florida Cryptocurrency Reserve Gruters Compare Last Action: 2/4/2026 S CS by Banking and Insurance read 1st time
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 475123 - Strike All Amendment
Remove everything after the enacting clause and insert:Snyder 2/10/2026
5:06 PMAdopted without Objection
2/11/2026PDF Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 17.613 Page 2 (pdf)