Florida Passes Stablecoin Regulatory Bill, Could Be a US First

The Florida legislature has officially passed a dedicated regulatory bill for stablecoins, now awaiting Governor Ron DeSantis' signature to become law. The bill passed the State Senate with an overwhelming 37-0 vote, demonstrating broad bipartisan consensus on regulating digital payment assets. This legislation aims to establish a clear compliance framework for payment stablecoin issuers operating in Florida, covering core aspects such as consumer protection, financial transparency, and operational responsibility. The bill explicitly states that payment stablecoins meeting specific criteria will not be considered securities, which helps reduce legal uncertainty for businesses entering the digital payment market. Furthermore, the bill requires stablecoin issuers based outside the state to provide written notification to the state's Office of Financial Regulation before offering services in Florida. Regulatory responsibilities will be executed by the Office of Financial Regulation, either independently or in coordination with the federal Office of the Comptroller of the Currency, depending on the organizational structure of the issuing institution. To enhance industry confidence, the bill also provides information confidentiality protection for qualified trust companies, further optimizing the business environment for digital asset companies. If the bill is ultimately signed into law, Florida will become one of the first states in the United States to establish an independent stablecoin regulatory system, providing an important reference for national policy development.