Florida lawmakers have introduced two bills to create and manage a strategic cryptocurrency reserve.

Florida Senator Joe Gruters has introduced legislation to authorize the state government to create and manage a cryptocurrency reserve, integrating direct investment in digital assets into a long-term financial strategy. The proposal, consisting of two bills, SB 1038 and SB 1040, would jointly establish a Florida strategic cryptocurrency reserve within the Chief Financial Officer's office and create a dedicated trust fund to hold and manage the assets.