Florida Moves Toward Regulating Stablecoins Under New State Regulations

Florida lawmakers have advanced legislation to establish a state-level regulatory framework for stablecoins. On March 6, the Florida Senate approved Senate Bill 314, positioning the state to integrate with recent federal rules and capture a slice of the rapidly growing sector. Florida’s Stablecoin Framework Aligns With the US GENIUS Act Under the new bill, payment stablecoins would be treated as “monetary value. ” This effectively brings the fiat-pegged digital tokens within the scope of Florida’s Control of Money Laundering in Money Services Business Act source: https://beincrypto.com/florida-breaks-new-ground-with-stablecoin-legislation/