Florida proposes to include Bitcoin and ETFs in the investment scope of state funds and pension funds
Internet reports that Florida lawmakers have opened the 2026 legislative session to include Bitcoin in the state's financial instruments library. House Bill 183, introduced in the Florida House of Representatives, would allow the state's chief financial officer to invest up to 10% of designated public funds (including general income funds, budget stabilization funds, and various trust funds) in "digital assets" and ETFs. If passed, the bill would also authorize the state governing board to invest up to 10% of the Florida Retirement System Trust Fund in digital assets. The bill defines digital assets as including Bitcoin, tokenized securities and NFT, and sets strict custody and control requirements. Assets can be held in the custody of the chief financial officer, qualified custodian, or held through an ETF registered by the U.S. Securities and Futures Commission. HB 183 positions Bitcoin as a potential store of value for state funds and an anti-inflation hedging tool, and will also allow Florida residents to use digital assets to pay certain taxes and fees. Currently, HB 183 is awaiting allocation and hearing by a House committee. If it is advanced, it still needs Senate approval and governor signature before it becomes law.
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