TechFlow News, March 7: According to The Block, on March 7, the Florida Legislature passed Senate Bill 314 (SB 314) with 37 votes in favor and zero opposed, making Florida the first U.S. state to establish a state-level stablecoin regulatory framework. The bill aligns with the federal GENIUS Act standards, requiring stablecoin issuers to comply with anti-money laundering (AML) regulations, prohibiting unlicensed issuance, and explicitly stating that stablecoins are not securities. The bill is expected to be signed into law by Governor Ron DeSantis within 30 days.
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