H0183

HB 183 authorizes Florida’s Chief Financial Officer (CFO) and certain public entities to invest portions of state and local funds in digital assets, including Bitcoin and exchange-traded products (ETPs), as a hedge against inflation and a store of value. The bill defines digital assets broadly (covering virtual currency, digital commodities, securities, NFTs, and other blockchain-based assets) and allows up to 10% of any public fund to be allocated to such investments through qualified custodians. It sets custody, documentation, and fiduciary standards for holding and lending these assets, requiring full collateralization and compliance with chapter 215 fiduciary duties. Taxes and fees paid to the state in digital assets must be transferred to the General Revenue Fund and reimbursed in U.S. dollars. The bill also empowers the State Board of Administration to invest pension and other trust funds in digital assets under similar limits, amends multiple statutes to conform cross-references, and aligns state policy with federal directives such as the 2025 Executive Order establishing a U.S. Strategic Bitcoin Reserve. Effective July 1, 2026