Florida Proposes $500 Billion Crypto Reserve with HB 1039
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 07 2026- Legislative Push: Florida Representative John Snyder has introduced HB 1039 to establish a strategic crypto reserve, requiring eligible cryptocurrencies to have an average market cap of at least $500 billion over the past 24 months, with only Bitcoin currently meeting this criterion at over $1 trillion.
- Market Response: This proposal follows President Trump's March 2025 executive order establishing a federal Strategic Bitcoin Reserve, indicating Florida's proactive approach to managing crypto assets, which may attract more investor interest in the state's digital asset policies.
- Investment Strategy: Senator Joe Gruters' bills are positioned as a long-term investment strategy aimed at enhancing Florida's crypto stash through recoveries from legal proceedings, revenue, purchases, and rewards from blockchain forks or airdrops, adapting to the emerging digital economy.
- Regulatory Outlook: Despite concerns over the volatility of crypto assets, the passing of the GENIUS Act and the anticipated CLARITY bill are expected to bring more regulation to the space, boosting investor confidence and providing legal safeguards for Florida's crypto reserve.
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.
