Florida Introduces Bitcoin-Only Strategic Reserve Bill SB 1038
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 09 2026- Policy Shift: Florida's SB 1038 signals a transition from broad crypto investments to a Bitcoin-only strategic reserve, aiming to control risks and ensure political feasibility by imposing a $500 billion market cap threshold.
- Centralized Oversight: The bill centralizes the authority for purchasing, managing, and liquidating crypto assets under the state CFO, enhancing transparency and governance discipline while reducing uncertainties from multi-agency oversight.
- Exclusion of Pensions: SB 1038 explicitly excludes pension and retirement funds, thereby avoiding entanglement with existing public trust systems and reflecting a strong emphasis on risk control in the legislative approach.
- Legislative Path: For SB 1038 to take effect, it must be accompanied by the trust fund framework bill HB 1039, and if enacted, the CFO will be required to submit regular reports on reserve holdings starting December 2026, ensuring public accountability.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
