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Florida lawmakers have approved legislation creating what could become the first state-level regulatory framework governing stablecoins in the United States, placing the state at the center of the emerging policy debate over stablecoin regulation.
Senate Bill 314 passed the Florida Senate unanimously with 37 votes in favor and none opposed, before clearing the House of Representatives. The measure now heads to Governor Ron DeSantis, who is expected to review and potentially sign the bill within the next 30 days.
If enacted, the legislation would establish a formal regulatory structure for payment stablecoin issuers operating in Florida. While several US states including Wyoming and Texas have explored digital asset legislation, none has yet implemented a dedicated regulatory framework specifically for stablecoin issuers.
BITCOIN HISTORY WAS JUST MADE IN FLORIDA
We are now the FIRST STATE to Pass a Stablecoin framework in the nation!
It has now passed the Senate and the House, and will be signed by DeSantis within the next 30 days!
How was this able to happen? Well, because we are literally… pic.twitter.com/KA3odWMPzA
— Samuel Armes (@samuelarmes) March 6, 2026
The framework requires stablecoin issuers to obtain licenses from the Florida Office of Financial Regulation (OFR) before offering tokens to residents. It also amends Florida’s Control of Money Laundering in Money Services Business Act, explicitly classifying stablecoins as a form of “monetary value.”
This change places stablecoin issuers under the same compliance structure applied to other financial service providers.
Companies must follow existing anti-money laundering (AML) requirements and maintain transaction records for transfers exceeding $10,000, mirroring reporting thresholds used across the broader financial system.
The bill also clarifies that certain payment stablecoins will not be classified as securities, addressing an issue that has complicated regulatory debates in several US jurisdictions.
Oversight will primarily fall to the OFR, though some issuers may face joint supervision with the Office of the Comptroller of the Currency, depending on whether issuers operate under state or federal charters.
Florida lawmakers said the framework is designed to operate alongside the GENIUS Act, a federal law signed in July 2025 that established national guidelines for stablecoin issuance.
The GENIUS Act requires issuers to maintain reserve backing in assets such as US Treasuries and publish periodic disclosures detailing those reserves.
State Senator Colleen Burton, who supported the bill, said aligning the state framework with federal rules is intended to strengthen consumer protections while providing regulatory clarity for companies entering the market.
The Florida bill also addresses one of the most disputed issues in stablecoin regulation: whether issuers should be allowed to offer yield.
Issuers are prohibited from paying interest or rewards to token holders if federal law restricts those payments. The clause reflects the unresolved debate surrounding the CLARITY Act, a broader digital asset market structure proposal currently stalled in Congress.
Crypto companies including Coinbase have argued that stablecoin issuers should be allowed to provide rewards to users who hold dollar-pegged tokens. Some banking groups, including the American Bankers Association, have opposed the idea, warning that yield-bearing stablecoins could pull deposits away from traditional banks.
Florida’s framework leaves that issue to federal lawmakers while allowing regulated stablecoin activity to proceed at the state level.
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