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At the end of 2025, Republican Senator Joe Greuters submitted bill SB 1038 to the Senate in Florida. He proposed the creation of a "Strategic Reserve of cryptocurrencies of the State of Florida," which should be under the control of the Chief Financial Officer. In early January 2026, the document was sent to the Senate committee for consideration, where it will be discussed and voted on.

The essence of the bill is how this reserve will be formed and managed. The Chief Financial Officer will be able to buy, store and dispose of cryptocurrencies, but all operations must meet the requirements, as well as for ordinary assets of the state. This means accountability and responsibility. It is important that the state's pension and other savings funds will not be used to create a reserve.

The most interesting thing is how assets will be selected for the reserve. There is no direct mention of bitcoin or other cryptocurrencies in the bill. Instead, a criterion has been set: you can only invest in a crypto whose average market capitalization over the past two years has been at least $500 billion. Now this requirement actually means that you can only invest in bitcoin, as other cryptocurrencies do not reach this level.

If everything goes according to plan, the reserve can be activated from July 1, 2026. They plan to take money for him from court confiscations, part of the state's total income, as well as from blockchain-related activities, such as staking.

Setting a high capitalization threshold is a strategy to support the idea of diversification while reducing risks by focusing on the largest and most recognized asset.