Florida Lawmaker Proposes Cryptocurrency Reserve Legislation

According to Foresight News, Florida State Senator Joe Gruters has introduced two bills, SB 1038 and SB 1040, aimed at establishing a strategic cryptocurrency reserve and a cryptocurrency reserve trust fund in the state. SB 1038 proposes the creation of a strategic cryptocurrency reserve under the Office of the Chief Financial Officer, while SB 1040 outlines the establishment of a cryptocurrency reserve trust fund, detailing its funding sources and intended uses. Both bills are set to take effect on July 1, 2026, contingent upon the passage and enactment of SB 1040, SB 1038, or similar legislation during the same legislative session or its extension. source: https://www.binance.com/en/square/post/34436927871034?utm_source=BinanceNewsRSS