Florida Plans to Incorporate Bitcoin into Investment Toolkit

Deep News
Oct 17

Florida lawmakers have opened the legislative session for 2026, aiming to integrate Bitcoin into the state’s investment framework. The proposed House Bill 183 (HB183) introduced in the Florida House would permit the state’s Chief Financial Officer to invest up to 10% of certain public funds, including the general revenue fund, the budget stabilization fund, and various trust funds, into "digital assets" and exchange-traded products. If passed, the bill would also empower the state’s Administrative Management Council to invest up to 10% of the system trust funds of the Florida Retirement System in digital assets. The bill defines digital assets to include Bitcoin, tokenized securities, and non-fungible tokens (NFTs), with strict requirements for custody and control. These assets can be held by the Chief Financial Officer, qualified custodians, or through exchange-traded funds registered with the U.S. Securities and Exchange Commission (SEC).

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