Florida bill proposes allowing up to 10% of state funds in Bitcoin

Florida state lawmakers are reintroducing a proposal to hold cryptocurrency in state reserves, CoinDesk reported. Republican Representative John Snyder has filed Bill 1039 for the 2026 legislative session, which would create a cryptocurrency reserve fund. The bill proposes allowing the state's Chief Financial Officer (CFO) to invest and manage cryptocurrencies under a risk management framework. It includes a provision that would permit up to 10% of state funds to be invested in Bitcoin, though it does not specify a minimum investment ratio. The decision on whether and when to invest would be left to the CFO's discretion. The legislation also calls for the establishment of an independent audit and an advisory committee.