Florida Enacts First State-Level Stablecoin Legislation in the US

Florida passes first state-level stablecoin regulation; DeSantis to sign soon.

The Florida Senate and House of Representatives have passed the first state-level regulatory act governing the use of stablecoins. Governor Ron DeSantis is expected to sign the document within the next 30 days.

BITCOIN HISTORY WAS JUST MADE IN FLORIDA

We are now the FIRST STATE to Pass a Stablecoin framework in the nation!

It has now passed the Senate and the House, and will be signed by DeSantis within the next 30 days!

How was this able to happen? Well, because we are literally… pic.twitter.com/KA3odWMPzA

— Samuel Armes (@samuelarmes) March 6, 2026

“Florida has been a leader in the world of Bitcoin, and we will continue to be a leader to ensure that we are the crypto capital of the United States and the world,” said Samuel Armes, founder of the Florida Blockchain Business Association.

The bill aims to establish a legal framework for payment stablecoin issuers in the state, including consumer protection measures and financial stability guidelines in accordance with the federal Genius Act.

The new provisions amend Florida’s anti-money laundering laws in financial services to include stablecoins, requiring issuing companies to comply with existing regulations and prohibiting the creation of assets without a license.

The document specifies that certain payment stablecoins are not considered securities.

The state bill also prohibits issuers from paying interest to token holders “if such restrictions are provided by federal law.” This clause is a major point of contention in the ongoing debates over the Clarity Act provisions.

Oversight of the industry will be partially conducted by the Florida Office of Financial Regulation, with primary authority granted to the federal Office of the Comptroller of the Currency.

Back in May 2025, state authorities halted consideration of two bills allowing the investment of state funds in Bitcoin.