Florida legislative proposal would allow state government funds and pension funds to allocate Bitcoin and related ETFs

According to Foresight News, Florida lawmakers have opened the 2026 legislative session and proposed adding Bitcoin to the state’s asset allocation, The Block reported. House Bill 183, filed in the Florida House of Representatives, would allow the state’s chief financial officer to invest up to 10% of designated public funds, including the general revenue fund, budget stabilization fund and various trust funds, in “digital assets” and exchange-traded products. The bill defines digital assets to include Bitcoin, tokenized securities, and NFTs, and sets strict custody requirements: assets can be held by a chief financial officer, a qualified custodian, or through an SEC-registered ETF. The bill cites the March 2025 White House executive order establishing a federal "Bitcoin Strategic Reserve" as the policy background, positioning Bitcoin as a potential store of value and inflation hedging tool for state finances, and is scheduled to take effect on July 1, 2026.
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