Florida 2026 Session Status: Passed House 2 R cosponsors

HB 1415 — CS/CS/HB 1415: Use of Digital Currency by the Department of Financial Services

Last action — Laid on Table; Companion bill(s) passed, see CS/CS/SB 1568 (Ch. 2026-175)

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

This bill has passed the House. Introduced January 09, 2026. It now moves to the second chamber.

Next likely step: consideration and 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.

Upgrade to see the exact probability and what's driving it.

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

Prognosis

Advancing 54% · moderate confidence

  • Passed House

    Current position in the legislative process.

  • 4 sponsors

    1 primary, 3 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (2 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

Use of Digital Currency by the Department of Financial Services; Establishes Florida Stablecoin Pilot Program within DFS; authorizes DFS to engage in certain activities, designate one or more payment stablecoins for certain activities, & accept payment stablecoins; requires that certain payment stablecoins meet specified criteria; authorizes program participants to elect to voluntarily participate in program & remit payment stablecoins to compatible digital wallet address; requires certain participants to provide DFS with such address; requires DFS to comply with certain requirements & provide such address for specified purpose; authorizes DFS to conduct examinations, audits, & investigations of permitted payment stablecoin issuers; requires DFS to coordinate with OFR under certain circumstances; requires DFS to monitor & evaluate pilot program & collect certain data; requires DFS to submit annual report containing certain information to Governor & Legislature beginning on specified date & annually thereafter; authorizes DFS to adopt rules.

Bill Text

What changed in the latest version

209 added · 238 removed

209 line(s) added, 238 removed.

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F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 1415 2026 A bill to be entitled An act relating to the use of digital currency by the Department of Financial Services;
F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 1415 2026 A bill to be entitled An act relating to the use of digital currency by the Department of Financial Services;
requiring the department Page 1 of 11 CODING:
requiring the department Page 1 of 10 CODING:
hb1415-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 1415 2026 to monitor and evaluate the pilot program and collect certain data;
hb1415-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 1415 2026 to monitor and evaluate the pilot program and collect certain data;
requiring the department to submit an annual report containing certain information to the Governor and Legislature, beginning on a specified date and annually thereafter;
requiring the department to submit an annual report containing certain information to the Governor and the Legislature, beginning on a specified date and annually thereafter;
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hb1415-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 1415 2026 (b) "Compatible digital wallet address" means the address of a software application that securely stores private keys for accessing and completing transactions with payment stablecoins.
hb1415-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 1415 2026 (b) "Compatible digital wallet address" means the address of a software application that securely stores private keys for accessing and completing transactions with payment stablecoins.
(d) "Exchange platform" means a company licensed and regulated by the Federal Government or a state government which provides trading, custody, or money transmission services of payment stablecoins or other digital assets.
(d) "Exchange platform" means a company licensed and regulated by the federal or a state government which provides trading, custody, or money transmission services of payment stablecoins or other digital assets.
(e) "Exchange platform fee" means a fee charged by an exchange platform for the trading, custody, or money transmission services of payment stablecoins or other digital assets.
(e) "Federal qualified payment stablecoin issuer" means any of the following:
(f) "Federal qualified payment stablecoin issuer" means any of the following:
For purposes of this subparagraph, the term "national bank" has the same meaning as in the GENIUS Act, Pub.
As used in this subsection, the term "national bank" has the same meaning as in the GENIUS Act, Pub.
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3.
A federal branch that is approved by the Office of the Comptroller of the Currency to issue payment stablecoins.
For purposes of this subparagraph, the term "federal branch" has the Page 3 of 10 CODING:
hb1415-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 1415 2026 3.
hb1415-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 1415 2026 same meaning as in s.
A federal branch that is approved by the Office of the Comptroller of the Currency to issue payment stablecoins.
For purposes of this subparagraph, the term "federal branch" has the same meaning as in s.
(g) "Network fee" means the cost paid by a user to have a transaction processed and confirmed on a blockchain network.
(f)1.
(h)1.
A national currency as defined in the GENIUS Act, Pub.
A national currency.
L.
No.
119-27.
A deposit as defined in section 3 of the Federal Deposit Insurance Act, 12 U.S.C.
A deposit as defined in s.
3 of the Federal Deposit Insurance Act, 12 U.S.C.
1813, including a deposit Page 4 of 11 CODING:
1813, including a deposit recorded using distributed ledger technology.
Words stricken are deletions;
For purposes of this subparagraph, the term "distributed ledger" has the same meaning as in the GENIUS Act, Pub.
words underlined are additions.
hb1415-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 1415 2026 recorded using distributed ledger technology.
For purposes of this sub-subparagraph, the term "distributed ledger" has the same meaning as in the GENIUS Act, Pub.
A security as defined in s.
A security, as defined in s.
517.021, section 2 of the Securities Act of 1933, 15 U.S.C.
517.021;
77b, section 3 of the Securities and Exchange Act of 1934, 15 U.S.C.
2 of the Securities Act of 1933, 15 U.S.C.
78c, or section 2 of the Investment Company Act of 1940, 15 U.S.C.
77b;
3 of the Securities Page 4 of 10 CODING:
Words stricken are deletions;
words underlined are additions.
hb1415-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 1415 2026 and Exchange Act of 1934, 15 U.S.C.
s.
78c;
or s.
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2 of the Investment Company Act of 1940, 15 U.S.C.
s.
(i) "Permitted payment stablecoin issuer" means a person formed in the United States which is one of the following:
(g) "Permitted payment stablecoin issuer" means a person formed in the United States which is one of the following:
(j) "State payment stablecoin regulator" means the Office of Financial Regulation.
(h) "State qualified payment stablecoin issuer" means an entity legally established under the laws of a state and approved by the Office of Financial Regulation to issue payment stablecoins.
The term also includes a state agency in another state that has primary regulatory and supervisory authority in such state over entities that issue payment stablecoins.
(k) "State qualified payment stablecoin issuer" means an entity legally established under the laws of a state and Page 5 of 11 CODING:
Words stricken are deletions;
words underlined are additions.
hb1415-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 1415 2026 approved to issue payment stablecoins by a state payment stablecoin regulator.
3.
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Words stricken are deletions;
words underlined are additions.
hb1415-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 1415 2026 3.
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1.
Words stricken are deletions;
words underlined are additions.
hb1415-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 1415 2026 1.
Be issued by a permitted payment stablecoin issuer.
Be minted by a permitted payment stablecoin issuer.
Be issued by an issuer that does not charge withdrawal or redemption fees.
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Words stricken are deletions;
words underlined are additions.
hb1415-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 1415 2026 6.
6.
Be subject, if network fees or exchange platform fees are paid by the department, only to reasonable fees that do not exceed the fees that would be charged to the department if payment were accepted by similar mediums of exchange.
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(c) The department may accept payment stablecoins as a form of payment for fees that include, but are not limited to, licensing fees, registration fees, certification fees, assessment fees, application fees, renewal fees, other regulatory fees administered by the department, or any other fee owed to the department.
Words stricken are deletions;
words underlined are additions.
hb1415-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 1415 2026 (c) The department may accept payment stablecoins as a form of payment for fees that include, but are not limited to, licensing fees, registration fees, certification fees, assessment fees, application fees, renewal fees, other regulatory fees administered by the department, or any other fee owed to the department.
(3) DEPARTMENT DUTIES.— (a) The department must comply with all of the following requirements:
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1.
Ensure that any payment stablecoin issuer designated for use in the pilot program is a permitted payment stablecoin issuer.
If the Federal Government has not approved any federal qualified payment stablecoin issuers and no state payment stablecoin regulator has approved any state qualified payment Page 8 of 11 CODING:
hb1415-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 1415 2026 stablecoin issuers, the department may not engage in any of the activities authorized in subsection (2).
hb1415-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 1415 2026 (3) DEPARTMENT DUTIES.— (a) The department must comply with all of the following requirements:
1.
Ensure that any payment stablecoin issuer designated for use in the pilot program is a permitted payment stablecoin issuer.
Within a reasonable time after receiving a payment stablecoin from any program participant, convert the payment stablecoin into United States currency and credit the applicable account where the funds would be held in a qualified public depository, unless an exception applies pursuant to s.
Within a reasonable time after receiving a payment stablecoin from any program participant, convert the payment stablecoin into United States currency and credit the applicable account where the funds would be held in a qualified public depository in the same manner as a payment made by any other authorized means.
280.03, in the same manner as a payment made by any other authorized means.
The department must attempt to minimize the amount of potential fees, if applicable, when determining the date and time to convert the payment stablecoin.
To the extent that the department intends to engage in such conduct as to a state qualified payment stablecoin issuer, the department must coordinate with the Office of Financial Regulation to avoid duplicated efforts and to efficiently regulate such issuer.
To the extent that the department intends to engage in such conduct as to a state qualified payment stablecoin issuer, the department must Page 8 of 10 CODING:
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hb1415-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 1415 2026 (4) REPORTING.— (a) The department shall monitor and evaluate the pilot program and collect data on transaction volume, cost savings, security incidents, regulatory compliance, and economic impacts, as well as any instances of fraud or disputes.
hb1415-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 1415 2026 coordinate with the Office of Financial Regulation to avoid duplicated efforts and to efficiently regulate such issuer.
(4) REPORTING.— (a) The department shall monitor and evaluate the pilot program and collect data on transaction volume, cost savings, security incidents, regulatory compliance, and economic impacts, as well as any instances of fraud or disputes.
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hb1415-02-c2 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/CS/HB 1415 2026 (b) Authorizes the acceptance of payment stablecoins as an optional payment method and does not require or authorize the acceptance of any other digital asset.
hb1415-01-c1 F L O R I D A H O U S E O F R E P R E S E N T A T I V E S CS/HB 1415 2026 (b) Authorizes the acceptance of payment stablecoins as an optional payment method and does not require or authorize the acceptance of any other digital asset.
(d) Authorizes the department to give preference to, when designating payment stablecoins for use in the pilot program pursuant to paragraph (2)(b), state qualified payment stablecoin issuers approved by the Office of Financial Regulation.
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hb1415-02-c2
hb1415-01-c1
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Action History

  1. Laid on Table; Companion bill(s) passed, see CS/CS/SB 1568 (Ch. 2026-175)

  2. Added to Second Reading Calendar

  3. Bill referred to House Calendar

  4. 1st Reading (Committee Substitute 2)

  5. CS Filed

  6. Laid on Table under Rule 7.18(a)

  7. Reported out of Commerce Committee

  8. Favorable with CS by Commerce Committee

  9. Added to Commerce Committee agenda

  10. 1st Reading (Committee Substitute 1)

  11. Now in Commerce Committee

  12. Referred to Commerce Committee

  13. CS Filed

  14. Laid on Table under Rule 7.18(a)

  15. Reported out of Insurance & Banking Subcommittee

  16. Favorable with CS by Insurance & Banking Subcommittee

  17. Added to Insurance & Banking Subcommittee agenda

  18. Now in Insurance & Banking Subcommittee

  19. Referred to Commerce Committee

  20. Referred to State Administration Budget Subcommittee

  21. Referred to Insurance & Banking Subcommittee

  22. 1st Reading (Original Filed Version)

  23. Filed

Sponsors

Sponsorship breakdown

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1 sponsors · 3 co-sponsors · 160 not signed on

Sponsors (1)

  • Commerce Committee

Co-sponsors (3)

Not signed on (160)

160 members have not signed on to this bill.

Show all 160 →

"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

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 HB 1415 do?
Use of Digital Currency by the Department of Financial Services; Establishes Florida Stablecoin Pilot Program within DFS; authorizes DFS to engage in certain activities, designate one or more payment stablecoins for certain activities, & accept payment stablecoins; requires that certain payment stablecoins meet specified criteria; authorizes program participants to elect to voluntarily participate in program & remit payment stablecoins to compatible digital wallet address; requires certain participants to provide DFS with such address; requires DFS to comply with certain requirements & provide such address for specified purpose; authorizes DFS to conduct examinations, audits, & investigations of permitted payment stablecoin issuers; requires DFS to coordinate with OFR under certain circumstances; requires DFS to monitor & evaluate pilot program & collect certain data; requires DFS to submit annual report containing certain information to Governor & Legislature beginning on specified date & annually thereafter; authorizes DFS to adopt rules.
Who sponsors HB 1415?
HB 1415 is sponsored by Commerce Committee, Insurance & Banking Subcommittee, Giallombardo, Mike (Republican), and Holcomb, Jeff (Republican).
What is the current status of HB 1415?
This bill has passed the House. Introduced January 09, 2026. It now moves to the second chamber.
Where can I track HB 1415?
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