Florida lawmakers have approved a statewide framework for regulating payment stablecoins, moving the legislation to Governor Ron DeSantis’ desk for final approval.

In Friday Post On X, Samuel Arms, founder of the Florida Blockchain Business Association, revealed that Senate Bill 314 has unanimously passed the Florida Senate. The measure will become law after DeSantis signs it, which Arms expects to be in the next month.

“It has now been passed by the Senate and the House, and will be signed by DeSantis within the next 30 days!” He wrote on X.

Bill Establishes Regulatory Guidelines for Stablecoin Issuers Operating in Florida Working alongside House Bill 175, the measure introduces consumer protection standards and financial oversight rules tied to the federal GENIUS Act, which was signed into law in July.

Related: Florida narrows scope of restored bitcoin reserve proposal for 2026

Florida bill amends money laundering statute to include stablecoins

Under SB 314, Florida’s Control of Money Laundering in Money Services Business Act would be amended to expressly include stablecoins. The update requires stablecoin issuers to comply with current financial regulations prohibiting unlicensed issuance within the state. The legislation also specifies that some stable payment coins will not be classified as securities.

Issuers outside of Florida must notify the state’s Office of Financial Regulation (OFR) before operating. Supervision will depend on the structure of the issuer. Some stablecoin operators will fall exclusively under the OFR, while others will face joint oversight with the Office of the Comptroller of the Currency.

The law also addresses potential risks associated with stablecoin incentives. Eligible issuers are prohibited from paying interest or yield to holders if federal laws prohibit such payments.

Related: Trump sues JPMorgan for $5B in Florida court over debanking claims: report

Florida State Revises Crypto Investment Bill

In October of last year, Florida lawmakers revived efforts to integrate cryptocurrencies into state investment strategies. Florida House Bill 183, filed by Republican Rep. Webster Barnaby, would allow the state and certain public entities to allocate up to 10% of their funds to digital assets. The revised proposal goes beyond Bitcoin (BTC) to include crypto exchange-traded products, crypto-securities, non-fungible tokens and other blockchain-based assets.