PANews January 8 News, according to Coindoo reports, Florida lawmakers are restarting plans to include digital assets in the state’s balance sheet, this time establishing a strict framework that effectively only qualifies Bitcoin. Representative John Snyder introduced House Bill 1039, which will lay the legal groundwork for a state-level strategic cryptocurrency reserve. The core of the proposal is a strict qualification threshold. Any cryptocurrency purchased for the reserve must have an average market capitalization of at least $500 billion over the past 24 months. In practice, this requirement currently only includes Bitcoin, as its market cap remains well above $1 trillion. Other major assets, including Ethereum, do not meet this benchmark.
Snyder’s efforts received support in the Senate, where Joe Gruters previously submitted Senate Bills 1038 and 1040 in December 2025. These two supporting bills will jointly establish the reserve and set up a trust fund to hold and manage digital assets on behalf of the state.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin ETFs Roar Back as Balchunas Revives Gold Debate on Wall St
U.S. spot Bitcoin ETFs added fresh capital on March 23, reversing earlier weakness and restoring momentum across the category. The rebound followed several weeks of withdrawals in 2026, and it narrowed the funds’ year-to-date deficit. Bloomberg ETF analyst Eric Balchunas linked the trend to
CryptoBreaking54m ago
Price predictions 3/25: BTC, ETH, BNB, XRP, SOL, DOGE, HYPE, ADA, BCH, LINK
Bitcoin (BTC) continues to face significant resistance at the $72,000 level, but the bulls have kept up the pressure. Trader Daan Crypto Trades said in a post on X that BTC will have to cross and stay above the $72,000 resistance area to “test the $80Ks again.”
Markets tend to hate uncertainty, but
Cointelegraph1h ago
