Florida Proposes $500 Billion Cryptocurrency Reserve Legislation
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 06 2026- Cryptocurrency Reserve Bill: Florida House Representative John Snyder's proposed legislation aims to establish a statewide cryptocurrency reserve to enhance financial resilience and adapt to the digital economy, reflecting the Republican Party's supportive stance on crypto.
- Management Framework: The reserve will be managed by the State's Chief Financial Officer, allowing investments in assets exceeding $500 billion, with Bitcoin currently meeting the investment criteria and Ethereum eligible if its market cap surpasses $388 billion.
- Legislative Details: The proposal outlines the management and administration of reserve resources, authorizing the CFO to cover specific expenses through net income from the reserve and allowing contracts with third parties for reserve management.
- Audit and Oversight: The legislation also empowers the CFO to use derivative products and hire certified accountants for independent audits, ensuring transparency and compliance of the reserve operations.
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.
