Florida 2026 Session Status: In Committee 1 R cosponsors

SB 1040 — Trust Funds/Florida Cryptocurrency Reserve

Last action — Died in Appropriations Committee on Agriculture, Environment, and General Government

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced December 30, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 36% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

Trust Funds/Florida Cryptocurrency Reserve; Creating the Florida Cryptocurrency Reserve, a trust fund, within the office of the Chief Financial Officer; providing for the source of funds and the purpose of the reserve; providing for future review and termination or re-creation of the reserve, etc.

Bill Text

What changed in the latest version

40 added · 35 removed

40 line(s) added, 35 removed.

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Latest
Florida Senate - 2026 SB 1040 By Senator Gruters 22-01492-26 20261040__ A bill to be entitled An act relating to trust funds;
Florida Senate - 2026 CS for SB 1040 By the Committee on Banking and Insurance;
and Senator Gruters 597-02292-26 20261040c1 A bill to be entitled An act relating to trust funds;
215.596, F.S.;
215.994, F.S.;
Section 215.596, Florida Statutes, is created to read:
Section 215.994, Florida Statutes, is created to read:
215.596 Florida Strategic Cryptocurrency Reserve.— (1) The Florida Cryptocurrency Reserve is a trust fund created within the office of the Chief Financial Officer.
215.994 Florida Strategic Cryptocurrency Reserve.— (1) The Florida Cryptocurrency Reserve is a trust fund created within the office of the Chief Financial Officer.
Administering and managing the reserve.
Administering and managing all aspects of the reserve.
Administering the reserve includes, but is not limited to, being responsible for and supervising the custody, consultants, external managers, and software related to the implementation of the reserve.
(c) Cryptocurrency purchased using money in or received by the reserve, including any cryptocurrency:
Page 1 of 2 CODING:
Words stricken are deletions;
words underlined are additions.
Florida Senate - 2026 CS for SB 1040 597-02292-26 20261040c1 (c) Cryptocurrency purchased using money in or received by the reserve, including any cryptocurrency:
Distributed pursuant to an airdrop to the state’s Page 1 of 2 CODING:
Distributed pursuant to an airdrop to the state’s cryptocurrency addresses.
Words stricken are deletions;
words underlined are additions.
Florida Senate - 2026 SB 1040 22-01492-26 20261040__ cryptocurrency addresses.
(3) The purpose of the reserve is to acquire, hold, manage, and dispose of cryptocurrency and related assets for the benefit of the state;
(3) The purpose of the reserve is to acquire, hold, manage, and dispose of cryptocurrency and any assets authorized in this section or s.
215.993 for the benefit of the state;
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Action History

  1. Died in Appropriations Committee on Agriculture, Environment, and General Government

  2. CS by Banking and Insurance read 1st time

  3. Now in Appropriations Committee on Agriculture, Environment, and General Government

  4. Pending reference review under Rule 4.7(2) - (Committee Substitute)

  5. CS by Banking and Insurance; YEAS 10 NAYS 0

  6. On Committee agenda-- Banking and Insurance, 01/28/26, 10:30 am, 412 Knott Building

  7. Introduced

  8. Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Appropriations

  9. Filed

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 163 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (163)

163 members have not signed on to this bill.

Show all 163 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Favorable with Committee Substitute

Passed 10 Yea · 0 Nay
Party YeaNayPresentNot Voting
Republican 7000
Democrat 2000
No Party Affiliation 1000
Total 10000
% of votes cast 100%0%0%0%
How each member voted (10)
Member Party Vote
Osgood, Rosalind Democrat Yea
Sharief, Barbara Democrat Yea
Pizzo, Jason W. B. No Party Affiliation Yea
Boyd, Jim Republican Yea
Burton, Colleen Republican Yea
Gruters, Joe Republican Yea
Hooper, Ed Republican Yea
Martin, Jonathan Republican Yea
Passidomo, Kathleen Republican Yea
Truenow, Keith L. Republican Yea

Official roll call →

Subjects

finance technology
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 1040 do?
Trust Funds/Florida Cryptocurrency Reserve; Creating the Florida Cryptocurrency Reserve, a trust fund, within the office of the Chief Financial Officer; providing for the source of funds and the purpose of the reserve; providing for future review and termination or re-creation of the reserve, etc.
Who sponsors SB 1040?
SB 1040 is sponsored by Gruters, Joe (Republican).
What is the current status of SB 1040?
This bill is in committee in the Senate. Introduced December 30, 2025. It must pass committee before a floor vote.
Where can I track SB 1040?
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Last checked for changes 2 months ago · updated continuously

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