Florida stablecoin framework passed
Recently Florida has been in the national news for passing legislation permitting Gold and Silver to be legal tender. This was done via Florida (HB 1311) which puts into state law rules for gold and silver coins that have been adopted by the Department of Financial Services and the Office of Financial Regulation. This will make Gold and Silver coins legal tender starting July 1st 2026.
More to why I started writing this blog
Just last week Florida announced that it had passed legislation on a stablecoin framework. This passage makes Florida the first to pass such a stablecoin framework. The legislation awaits a signature from Governor Ron DeSantis. DeSantis has been a vocal proponent of crypto-friendly policies. The Governor has also backed efforts to establish Florida as a hub for blockchain innovation. Like about all the Financial centers that have fled NYC to Florida over the past 6-years... think the Governor is reaching out to them. I do!
The Florida Framework follows the federal GENIUS Act
Florida's framework will comply with the federal GENIUS Act. Which was signed into law by President Trump in July 2025. Following the GENIUS act Florida lawmakers paved a pathway for Crypto issuers to operate under Florida state supervision while meeting nationally recognized standards.
Florida Stablecoin Financial Governance
The office controlling these efforts is the Office of Financial Regulation. Also overseen by the Office of the Comptroller of the Currency at the federal level. While stablecoin providers must written notice to the state’s Office of Financial Regulation before offering services in the state.
The restrictions...
No interest can be paid on stablecoins as this is governed at the Federal law level.
Summary
Florida will permit Gold and Silver as legal tender prior to the Official 250th Birthday of the USA. Woot.
And Florida is leading the nation in terms of a full stablecoin framework which strictly adheres to the Federal GENIUS Act. Curious as to which state approves their framework next. A couple of years ago I would have assumed Wyoming (WY) would have beaten Florida, but one never knows. Anyone else believe this is a long-term play by TRON to be ahead of the entire Global payment system running on stablecoins?
Credits - Blog Image - the state of Florida = ALL RIGHTS REMAIN!
