Florida HB 1039: Missing Persons

Bill Text

CS/CS/HB 1039 2026

CODING: Words stricken are deletions; words underlined are additions.
hb1039-02-c2
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

A bill to be entitled 1
An act relating to the establishment and 2
administration of a state cryptocurrency reserve; 3
creating s. 215.987, F.S.; providing definitions; 4
establishing the Florida Strategic Cryptocurrency 5
Reserve Fund as a special fund assigned to the State 6
Board of Administration; providing the objective of 7
the reserve; providing for the custody, 8
administration, and management of the reserve; 9
providing sources of the reserve; authorizing the 10
Legislature to appropriate funds for deposit to the 11
credit of the reserve for specified purposes; 12
authorizing the board to pay certain costs using the 13
cryptocurrency in the reserve or the net proceed from 14
the sale of cryptocurrency in the reserve; authorizing 15
transfer of the reserve money to the State Treasury 16
under certain circumstances; authorizing the board to 17
dispose of certain cryptocurrency received by the 18
reserve; providing requirements for cryptocurrency to 19
be purchased for the reserve; authorizing contracts 20
with third parties for the administration or 21
management of the reserve; authorizing the board to 22
use derivatives under certain circumstances; 23
authorizing contracts with certified public 24
accountants for independent audits; establishing the 25

CS/CS/HB 1039 2026

CODING: Words stricken are deletions; words underlined are additions.
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

Florida Strategic Cryptocurrency Reserve Fund Advisory 26
Committee within the board; providing for committee 27
membership; providing duties and terms of committee 28
members; providing construction; requiring the board 29
to adopt rules; amending s. 215.44, F.S.; requiring 30
the board to provide to the Legislature certain 31
information relating to the reserve; providing an 32
effective date. 33
34
WHEREAS, cryptocurrencies are assets with strategic 35
potential for enhancing this state's financial resilience and 36
positioning this state for the future digital economy, and 37
WHEREAS, cryptocurrencies can serve as a hedge against 38
inflation and economic volatility, and 39
WHEREAS, the establishment of a cryptocurrency reserve 40
serves the public purpose of providing enhanced financial 41
security to residents of this state, NOW, THEREFORE, 42
43
Be It Enacted by the Legislature of the State of Florida: 44
45
Section 1. Section 215.987, Florida Statutes, is created 46
to read: 47
215.987 State cryptocurrency reserve fund.— 48
(1) DEFINITIONS.—As used in this section, the term: 49
(a) "Airdrop" means a gratuitous distribution of 50

CS/CS/HB 1039 2026

CODING: Words stricken are deletions; words underlined are additions.
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

cryptocurrency to users of a blockchain or protocol, generally 51
made in a broad, equitable, and nondiscretionary manner. 52
(b) "Blockchain" means a mathematically secured, 53
chronological, decentralized, distributed, and digital ledger or 54
database that consists of records of transactions that cannot be 55
altered retroactively. 56
(c) "Board" means the State Board of Administration. 57
(d) "Committee" means the Florida Strategic Cryptocurrency 58
Reserve Fund Advisory Committee established in this section. 59
(e) "Cryptocurrency" means a virtual currency that is not 60
issued by any central authority, is designed to function as a 61
medium of exchange, and uses encryption technology to regulate 62
the generation of units of currency, to verify fund transfers, 63
and to prevent counterfeiting. 64
(f) "Distributed ledger" means technology in which data is 65
shared across a network that creates a public digital ledger of 66
verified transactions or information among network participants 67
and cryptography is used to link the data to maintain the 68
integrity of the public ledger and execute other functions. 69
(g) "Fork" means a change to the protocol of a distributed 70
ledger system which creates a separate ledger, which may result 71
in a new cryptocurrency that shares a common transaction history 72
with the previous cryptocurrency up to the point of change. 73
(h) "Governmental entity" has the same meaning as in s. 74
215.986(1). 75

CS/CS/HB 1039 2026

CODING: Words stricken are deletions; words underlined are additions.
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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S

(i) "Private key" means a unique element of cryptographic 76
data used for signing transactions on blockchain. 77
(j) "Qualified custodian" means a state or federally 78
chartered financial institution or other entity regulated by 79
this state which is authorized to have custody of virtual 80
currencies on behalf of its clients. 81
(k) "Qualified liquidity provider" means an entity that 8