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CS/CS/HB 175: Payment Stablecoin

GENERAL BILL by Commerce Committee ; Insurance & Banking Subcommittee ; Barnaby ; Giallombardo ; (CO-INTRODUCERS) Fabricio

Payment Stablecoin; Revises Florida Control of Money Laundering in Money Services Business Act to include payment stablecoins; requires certain payment stablecoin issuers to comply with certain regulations; prohibits persons from engaging in activity of qualified payment stablecoin issuer without being licensed or exempted from licensure; requires out-of-state state-qualified payment stablecoin issuers to provide specified written notice to OFR; specifies that certain transactions are not regulated under certain provisions; specifies that certain payment stablecoin is not security & not subject to certain provisions; specifies that office remains solely responsible for supervising qualified payment stablecoin issuers or is jointly responsible with Office of Comptroller of Currency for such supervision; prohibits trust company from engaging in activity of qualified payment stablecoin issuer unless trust company obtains certificate of approval or is exempted from such certificate.

Effective Date: upon becoming a law
 Last Action: 2/26/2026 House - 1st Reading (Committee Substitute 2)
Bill Text: PDF


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Bill History

Date Chamber Action
10/15/2025 House • Filed
10/21/2025 House • Referred to Insurance & Banking Subcommittee
• Referred to Commerce Committee
• Now in Insurance & Banking Subcommittee
1/13/2026 House • 1st Reading (Original Filed Version)
2/9/2026 House • PCS added to Insurance & Banking Subcommittee agenda
2/11/2026 House • Favorable with CS by Insurance & Banking Subcommittee
2/13/2026 House • Reported out of Insurance & Banking Subcommittee
• Laid on Table under Rule 7.18(a)
• CS Filed
• 1st Reading (Committee Substitute 1)
2/16/2026 House • Referred to Commerce Committee
• Now in Commerce Committee
2/20/2026 House • Added to Commerce Committee agenda
2/24/2026 House • Favorable with CS by Commerce Committee
2/26/2026 House • Reported out of Commerce Committee
• Laid on Table under Rule 7.18(a)
• CS Filed
• Bill referred to House Calendar
• Bill added to Special Order Calendar (3/3/2026)
• 1st Reading (Committee Substitute 2)