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Florida State Representative Proposes Two Bills to Create and Manage Strategic Cryptocurrency Reserves
Summary: According to reports, Florida State Representative Joe Gruters has introduced SB 1038 and SB 1040 bills. SB 1038 proposes the establishment of a strategic cryptocurrency reserve under the Chief Financial Officer's office in Florida, while SB 1040 proposes the creation of the Florida Cryptocurrency Reserve Trust Fund, outlining its funding sources and purposes. Both bills ...
According to reports, Florida State Representative Joe Gruters has introduced SB 1038 and SB 1040 bills. SB 1038 proposes the establishment of a strategic cryptocurrency reserve under the Chief Financial Officer's office in Florida, while SB 1040 proposes the creation of the Florida Cryptocurrency Reserve Trust Fund, outlining its funding sources and purposes.
Both bills are set to take effect on July 1, 2026, contingent upon the enactment of SB 1040 and SB 1038 or similar legislation, which must be passed in the same legislative session or its extended session to become law.
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Link: Florida State Representative Proposes Two Bills to Create and Manage Strategic Cryptocurrency Reserves [Copy]
