According to Florida Politics, Florida State Senator Joe Gruters has introduced two bills to establish a "Florida Strategic Cryptocurrency Reserve," managed by the state's Chief Financial Officer, as part of the state's long-term fiscal and asset allocation strategy. The reserve funds will come from legislative appropriations, related fiscal revenues, and purchased crypto assets. Only mainstream cryptocurrencies with an average market capitalization of no less than $500 billion over the past two years will be eligible for investment. An advisory committee and regular reporting mechanisms will be established. Currently, the plan is still in the proposal stage and will need to be reviewed and voted on during the 2026 legislative session.