Florida Senate Passes Landmark Stablecoin Regulation Bill

Florida lawmakers have unanimously approved Senate Bill 314, marking the first state-level regulatory framework for stablecoins in the United States. According to NS3.AI, the bill passed with a 37–0 vote in the State Senate and now awaits Governor Ron DeSantis' signature. The legislation establishes licensing requirements, consumer protection measures, and financial stability rules for payment stablecoin issuers operating within the state. Additionally, it amends existing money services and anti-money laundering laws to explicitly include stablecoins. The framework aims to align with the federal GENIUS Act, which has set a nationwide stablecoin regime. A notable provision of the bill is the prohibition of qualified payment stablecoin issuers from paying interest to holders when federal law restricts such payments. This move is seen as a significant step in providing clarity and security in the rapidly evolving digital currency landscape.