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While the efforts to establish a Bitcoin (BTC) reserve in the US are not as vocal as they were in the early days, they continue.
At this point, the latest news comes from Florida, one of the most populous states in the US. According to reports, Florida state legislators have introduced a bill aimed at creating a state-managed cryptocurrency reserve, reviving an initiative that had previously been suspended.
The bill, introduced by Republican Representative John Snyder in Florida, proposes creating a Strategic Cryptocurrency Reserve Fund outside of the state treasury and authorizing Florida’s chief financial officer (CFO) to manage cryptocurrency investments under a risk management framework.
Bill number 1039 for the 2026 legislative session has revived ideas from a bill withdrawn in 2025 that would have allowed up to 10% of government funds to be invested in Bitcoin.
While the bill includes a provision allowing up to 10% of state funds to be invested in Bitcoin, it does not specify a minimum investment percentage.
According to the draft, the decision on whether and when to invest in BTC will be left to the discretion of the CFO.
The bill is said to be designed to act as a shield against inflation.
If the revised bill becomes law, Florida will join a small but growing group of US states, including New Hampshire, Wyoming, and Texas, that are advancing digital asset legislation. New Hampshire recently became the first state to pass legislation explicitly allowing public funds to be invested in cryptocurrencies, while Florida set a precedent that lawmakers have cited.
*This is not investment advice.