Florida Proposes Innovative Cryptocurrency Reserve Bill to Hedge Against Inflation
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 06 2026- Legislative Innovation: Florida House Representative John Snyder's proposed cryptocurrency reserve bill aims to establish an independent state-level reserve to hedge against inflation and enhance financial stability, marking a proactive approach in the state's transition to a digital economy.
- Investment Criteria: The bill allows the Chief Financial Officer (CFO) to invest in cryptocurrencies that meet specific criteria, with Bitcoin currently qualifying and Ethereum potentially included if its market value remains high, thereby providing a new revenue source for state finances.
- Management Authority: The proposal empowers the CFO to manage the cryptocurrency reserve, including utilizing profits for specific financial expenditures and transferring reserve funds to the State Treasury when necessary, enhancing the state's flexibility in digital asset management.
- Strategic Guidance: An advisory committee is established to guide long-term objectives, emphasizing Florida's leadership in digital finance and attracting external partnerships to drive the implementation of cryptocurrency innovations.
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.
