HB 1415 Florida House · 2026 Regular Session

Use of Digital Currency by the Department of Financial Services

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.

Issues: ✓ Technology

Bill status in committee 3 of 5 stages cleared

Introduction

Jan 2026

Committee Review

Mar 2026

House Passage

Feb 2026

Senate Passage

Governor

Introduced Jan 9, 2026 Last action Mar 11, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

H 1415 c1 → H 1415 c2 · 3 edits

MINOR

The bill was amended to include a new definition for 'Exchange platform fee' and updated the definition of 'Federal qualified payment stablecoin issuer' to align with recent federal legislation (the GENIUS Act). Additionally, the definition of 'Payment stablecoin' was modified to clarify that national currencies are defined by the GENIUS Act rather than general statutes. These changes refine the regulatory framework to ensure consistency with federal standards and clarify fee structures for digital asset platforms.

Scope change

The bill's scope was expanded to explicitly define fees charged by exchange platforms and updated eligibility criteria for federal stablecoin issuers to match new federal laws.

DEFINITION

Added a new definition for 'Exchange platform fee' to clarify costs charged by digital asset trading platforms.

Updated the definition of 'Federal qualified payment stablecoin issuer' to include specific references to the GENIUS Act and revised the list of eligible entities.

Revised the definition of 'Payment stablecoin' to specify that national currencies are defined by the GENIUS Act, removing previous cross-references to the Federal Deposit Insurance Act.

H 1415 Filed → H 1415 c1 · 7 edits

MODERATE

The bill was revised from a version that authorized the Department of Financial Services to actively accept and manage stablecoin payments for fees to a version that establishes a voluntary pilot program where the department only facilitates payments if participants choose to use them. The scope was significantly expanded by adding extensive new definitions for digital assets and stablecoins, aligning the language with federal standards like the GENIUS Act, and removing specific operational details about fee acceptance in favor of a broader framework for evaluating the technology.

Scope change

The bill's scope shifted from an active authorization for the department to accept stablecoins to a voluntary pilot program where the department acts as a facilitator rather than a primary collector of funds. Additionally, the bill now incorporates specific federal definitions and compliance standards that were absent in the previous version.

SCOPE

Changed the department's role from actively accepting stablecoin payments to allowing participants to voluntarily remit payments to designated wallet addresses.

DEFINITION

Added new detailed definitions for 'Blockchain', 'Digital asset', 'Exchange platform', and 'Federal qualified payment stablecoin issuer' to align with federal law.

Introduced a comprehensive definition for 'Payment stablecoin' that includes specific requirements for redemption and stability, excluding national currencies and securities.

ELIGIBILITY

Removed specific eligibility criteria requiring stablecoins to be backed by at least $1 billion in reserve assets.

REQUIREMENT

Removed explicit requirements that issuers cannot charge fees to mint or redeem stablecoins.

Replaced the requirement for the department to designate specific wallet addresses with a requirement for the department to provide a compatible address for a specified purpose.

Added a requirement for the department to coordinate with the Office of Financial Regulation under certain circumstances.

Floor votes · House Feb 24, 2026

How they voted

22–1

Passed · 3 other

Total votes 26

Feb 24, 2026

D Democratic7

4 Yea 3

57% Yea

R Republican19

18 Yea 1 Nay

94% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 2, 2026

Committee

Bill referred to House Calendar

lower

Feb 26, 2026

Lower · Passed

Reported out of Commerce Committee

lower

Feb 24, 2026

House · Passed

House Vote: pass (22-1-3)

house

Feb 24, 2026

Lower · Passed

Favorable with CS by Commerce Committee

lower

Feb 20, 2026

Lower · Passed

Added to Commerce Committee agenda

lower

Feb 13, 2026

Lower · Passed

Now in Commerce Committee

lower

Feb 13, 2026

Committee

Referred to Commerce Committee

lower

Feb 12, 2026

Lower · Passed

Reported out of Insurance & Banking Subcommittee

lower

Feb 11, 2026

Lower · Passed

Favorable with CS by Insurance & Banking Subcommittee

lower

Feb 9, 2026

Lower · Passed

Added to Insurance & Banking Subcommittee agenda

lower

Jan 15, 2026

Lower · Passed

Now in Insurance & Banking Subcommittee

lower

Jan 15, 2026

Committee

Referred to Commerce Committee

lower

Jan 15, 2026

Committee

Referred to State Administration Budget Subcommittee

lower

Jan 15, 2026

Committee

Referred to Insurance & Banking Subcommittee

lower

2 primary · 0 co-sponsors