Florida introduces a regulatory framework for payment stablecoin issuers, including licensing and oversight requirements.
After passing both chambers, the stablecoin bill is now pending the governor’s approval.
Florida lawmakers passed the first comprehensive bill for regulating stablecoins in the United States that aims to provide clear standards for issuers, monitoring, and consumer protection.
On March 6, the Florida Senate passed Bill 314 with 37 votes in favor and zero opposition, and it is currently awaiting Governor Ron DeSantis’ signature. The bill amends the Florida Control of Money Laundering in Money Services Business Act by explicitly including payment stablecoins inside the state’s regulatory framework.
Also, Samuel Armes, founder of the Florida Blockchain Business Association web3 advocacy group, shared a post on X, “We are now the FIRST STATE to Pass a Stablecoin framework in the nation!”
Licensing and Compliance Rules
Florida Senate Bill 314, a
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