A Florida proposal includes Bitcoin and ETFs in the investment scope of state funds and pension funds.

[Florida Proposal to Include Bitcoin and ETF in State Fund and Pension Fund Investment Scope] Florida legislators have opened the 2026 legislative session, proposing to include Bitcoin in the state's financial instrument library. The House Bill No. 183 submitted by the Florida House of Representatives will allow the state's Chief Financial Officer to invest up to 10% of the designated public funds (including general revenue funds, budget stabilization funds, and various trust funds) in “digital assets” and ETFs. If the bill is passed, it will also authorize the state management committee to invest up to 10% of the Florida Retirement System Trust Fund in digital assets. The bill defines digital assets to include Bitcoin, tokenized securities, and NFTs, and sets forth strict custody and control requirements. Assets may be held by the Chief Financial Officer, qualified custodians, or through ETFs registered with the SEC. The HB 183 bill positions Bitcoin as a potential store of value and an inflation hedge for state funds, and it will also allow Florida residents to use digital assets to pay certain taxes and fees. Currently, the HB 183 bill is awaiting allocation and hearings in the House committee. If advanced, it will still require Senate approval and the governor's signature to become law.