TechFlow, on December 31, Florida State Senator Joe Gruters submitted Senate Bills SB 1038 and SB 1040. SB 1038 proposes establishing a Florida Strategic Cryptocurrency Reserve under the Office of the Chief Financial Officer. SB 1040 proposes creating a Florida Cryptocurrency Reserve Trust Fund and outlines its funding sources and uses. Both bills are set to take effect on July 1, 2026, provided that SB 1040 and SB 1038, or similar legislation, are enacted into law during the same legislative session or its extension.
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