A Florida House Republican has filed a revised bill to allow the state to invest in digital assets, such as Bitcoin and Crypto ETFs, after Florida’s operations subcommittee rejected his initial attempt in June.
Florida House Bill 183 would allow the state and certain public entities to invest up to 10% of their funds in digital assets such as Bitcoin (BTC). according on a new bill introduced by Florida lawmaker Webster Barnaby on Wednesday.
The new crypto reserve bill is similar to Webster’s HB 487, which was killed in June, but adds new safeguards, documentation and assurance standards for holding and lending digital assets.
Another major addition Barnaby made was to expand investable digital assets from Bitcoin-only to a wider range of crypto assets, giving Florida more flexibility to diversify digital asset holdings if the bill passes.
HB 183 aims to take effect on July 1, 2026, and allow the State Board of Trustees to invest pension and other trust funds in digital assets.
Only three states have enacted Bitcoin reserve laws
A spree of Bitcoin and Digital Asset Reserve Bills have been introduced in state legislatures during the 2025 legislative session; However, the majority failed, with only three bills from Arizona, New Hampshire and Texas conducted in law.
New Hampshire’s HB 302 allows the Treasurer to invest up to 5% of public funds in digital assets with market caps greater than $500 billion – currently Bitcoin alone – while the Texas Senate Bill 21 Specifically establishing a Bitcoin-only reserve.
Arizona’s HB 2749, on the other hand, only allows for the creation of a digital asset reserve from unclaimed property.
Florida Lawmaker filed another crypto bill this week
Barnaby also seeks to ease regulatory requirements for StableCoin issuers in Florida, Filing HB 175 to clarify that accredited stablecoin issuers shall not be required to obtain separate licenses or registrations.
Related: The Bank of England has clarified that the plan to limit stablecoins is temporary
The bill is required StableCoin Issuers To be fully collateralized in US dollars or Treasurys and conduct a public audit of reserves at least once a month.
Like HB 183, Barnaby aims for the StableCoin Bill on July 1, 2026.
California recognizes crypto property rights
Last Saturday, California governor Gavin Newsom signed a new law Protecting the unspoken crypto From being sold automatically, it ensures that digital assets are preserved in their original form instead of being converted into cash before being transferred to state custody.
California SB 822 allows crypto account holders to recover their original crypto by filing a valid claim with the California State Controller.
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