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Florida Senate Passes Bill to Regulate Payment Stablecoins

Florida Senate Passes Bill to Regulate Payment Stablecoins

Florida Senate’s approval of Senate Bill 314 introduces a framework for stablecoin regulation, enhancing consumer protection and aligning with federal standards.

Fact Check
The claim is supported by official legislative records from the Florida Senate and reports from reputable crypto news outlets like The Block and CoinPost. The bill (HB 175) passed both chambers on March 6, 2026, and is the first of its kind at the state level in the U.S.
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Summary

On March 7, 2025, the Florida Senate passed Senate Bill 314, establishing a regulatory framework for payment stablecoin issuers. The bill includes provisions for consumer protection, anti-money laundering measures, and compliance with the federal GENIUS Act. It awaits Governor Ron DeSantis' signature within 30 days.

Terms & Concepts
  • Payment Stablecoin: A type of stablecoin designed for facilitating payments, often pegged to a fiat currency to reduce volatility.
  • GENIUS Act: A federal legislative framework aimed at regulating digital assets and improving financial system stability through guidelines for cryptocurrencies and stablecoins.