Florida lawmakers introduce House Bill 1039 to promote the establishment of a state-level Bitcoin reserve

PANews January 8 News, according to Coindoo reports, Florida lawmakers are restarting plans to include digital assets in the state's balance sheet, this time establishing a strict framework that effectively only qualifies Bitcoin. Representative John Snyder introduced House Bill 1039, which will lay the legal groundwork for a state-level strategic cryptocurrency reserve. The core of the proposal is a strict qualification threshold. Any cryptocurrency purchased for the reserve must have an average market capitalization of at least $500 billion over the past 24 months. In practice, this requirement currently only includes Bitcoin, as its market cap remains well above $1 trillion. Other major assets, including Ethereum, do not meet this benchmark.

Snyder's efforts received support in the Senate, where Joe Gruters previously submitted Senate Bills 1038 and 1040 in December 2025. These two supporting bills will jointly establish the reserve and set up a trust fund to hold and manage digital assets on behalf of the state.