Florida Passes Groundbreaking Stablecoin Framework

Florida has taken a significant step towards becoming a hub for blockchain innovation by passing a comprehensive regulatory framework for payment stablecoins. The legislation, which is awaiting signature from Governor Ron DeSantis, establishes a licensing regime for qualified stablecoin issuers and allows the state's Department of Financial Services to accept stablecoin payments for government services.

The framework outlines that some payment stablecoins will fall solely under the supervision of the Office of Financial Regulation, while others will be jointly overseen with the Office of the Comptroller of the Currency at the federal level. This structure ensures compliance with the federal GENIUS Act signed into law by President Trump in July 2025.