PANews reported on January 8th, citing Coindoo, that Florida lawmakers are reviving plans to include digital assets on the state's balance sheet, this time withPANews reported on January 8th, citing Coindoo, that Florida lawmakers are reviving plans to include digital assets on the state's balance sheet, this time with

Florida lawmakers have introduced House Bill 1039 to advance the establishment of a state-level Bitcoin reserve.

2026/01/08 18:44

PANews reported on January 8th, citing Coindoo, that Florida lawmakers are reviving plans to include digital assets on the state's balance sheet, this time with a strictly defined framework that effectively only includes Bitcoin in the eligibility pool. Representative John Snyder introduced House Bill 1039, which would lay the legal foundation for a state-level strategic cryptocurrency reserve. At the heart of the bill is a stringent eligibility threshold. Any cryptocurrency purchased for the reserve must have an average market capitalization of at least $500 billion over the past 24 months. In practice, this requirement currently only includes Bitcoin in the reserve, as its market capitalization is still well above $1 trillion. Other major assets, including Ethereum, do not meet this benchmark.

Snyder's efforts have received support in the Senate. Joe Gruters previously introduced Senate Bills 1038 and 1040 in December 2025 , which together would establish a reserve and set up a trust fund to hold and manage digital assets on behalf of the state.

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