Florida legislative proposal aims to include Bitcoin and ETFs in the investment scope of state funds and pension funds

ChainCatcher news, according to The Block, Florida lawmakers have opened the 2026 legislative session, proposing to include Bitcoin in the state's financial toolset.

The House Bill 183 submitted by the Florida House of Representatives will allow the state’s Chief Financial Officer to invest up to 10% of designated public funds (including general revenue funds, budget stabilization funds, and various trust funds) in "digital assets" and ETFs. If the bill passes, it will also authorize the state management council to invest up to 10% of the Florida Retirement System Trust Fund in digital assets. The bill defines digital assets to include Bitcoin, tokenized securities, and NFTs, and sets strict custody and control requirements. Assets can be held by the Chief Financial Officer, qualified custodians, or through ETFs registered with the SEC.

HB 183 positions Bitcoin as a potential store of value and an inflation hedge for state funds, and will also allow Florida residents to pay certain taxes and fees using digital assets. Currently, HB 183 is awaiting allocation and hearings in the House committee. If advanced, it will still require Senate approval and the governor's signature to become law.