Florida Lawmakers Propose 10% Bitcoin Allocation for State Public Funds
Florida lawmakers introduced House Bill 183 during the 2026 legislative session with one goal in mind : to give the state permission...
Quick overview
- Florida lawmakers introduced House Bill 183 to allow the state to invest 10% of certain public funds into Bitcoin and ETFs.
- The bill includes provisions for the state retirement system to invest in digital assets under specific conditions.
- House Bill 183 outlines secure management of digital assets, requiring oversight from the state CFO and qualified companies.
- The legislation expands investment options beyond Bitcoin to include non-fungible tokens and other digital assets.
Florida lawmakers introduced House Bill 183 during the 2026 legislative session with one goal in mind : to give the state permission to put 10% of certain public funds into Bitcoin and ETFs . These funds would come from the General Revenue Fund and the Budget Stabilization Fund among others
This legislation also has implications for the state retirement system – and under certain conditions it would follow similar rules for investing in digital assets . Florida’s former Chief Financial Officer, Jimmy Patronis, has been a big fan of adding Bitcoin to pension portfolios, referring to it as “digital gold” and a smart way to mix up the state’s financial game.
Florida lawmakers introduced House Bill 183 for the 2026 session, allowing the state CFO to allocate up to 10% of public funds like the General Revenue Fund into Bitcoin and ETFs. It also covers state retirement investments and digital asset tax payments. #Bitcoin pic.twitter.com/eSASe2WLSN
— Vincent Bu Lu (@VincentBuLu1) October 17, 2025
Custody and Compliance
House Bill 183 spells out just how secure digital assets will be managed – and it leans heavily on robust safeguards:
- Someone from the state has to keep an eye on the crypto holdings – that’s the state CFO’s job
- Qualified companies will be handling the digital assets for the state
- They’re matching up with what the feds and big investors do
- Floridians could use digital assets to pay their taxes and fees – that would then get converted into dollars for the state’s general revenue fund
- Its worth noting that the state can invest in the usual suspects like Bitcoin & tokens but also non-fungible tokens and other digital assets – giving them more room to play
The bill makes it clear that the state isn’t limited to just Bitcoin or tokenised securities – they can also look at non-fungible tokens like digital art, which opens up a lot of new possibilities
Florida lawmakers filed a bill for the 2026 session to let the state invest up to 10% of public funds in Bitcoin and bitcoin exchange-traded funds. It would give the state treasurer the authority to make these investments.
— Ox HaK (@oxhak) October 17, 2025
From Dropped Plans to Taking the Leap
Florida tried to start up a state-backed Bitcoin reserve back in May, but as it turned out they ended up scrapping that plan – they weren’t alone either Wyoming, Pennsylvania, Montana and Oklahoma all bailed on similar plans to get into the crypto game.
The new proposal is actually built on ideas that have already worked in Arizona, New Hampshire and Texas (according to the peoples at Bitcoin Laws). Industry types are saying that more and more states are looking to get into the digital asset space in order to update their balance sheets and get a bit of a foothold in this new space.
Julian Fahrer, the founder of Bitcoin Laws, has pointed out that “states are looking to modernise their finances and spread their bets by investing in digital assets” – it looks like that’s what’s going on here and House Bill 183 just needs to get through a few more hoops before it becomes a law – and if it does it could put Florida right at the front of the pack when it comes to states using cryptocurrency.
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