Florida Chief Financial Officer Blaise Ingoglia announced on March 11 that the Florida Stablecoin Pilot Program, a legislative priority of his, has been approved by both the Florida House of Representatives and state Senate.
This legislation, comprising both SB 1568 and HB 1415, was sponsored by Sen. Nick DiCeglie (R-18) and Rep. Jeff Holcomb (R-53) and is now awaiting the signature of Gov. Ron DeSantis.
Once signed into law, the legislation will establish the Florida Stablecoin Pilot Program within the Department of Financial Services (DFS) and enable DFS to accept stablecoins as payment for fees, including licensing, applications, renewals and other regulatory fees administered by DFS.
If enacted, these bills will make Florida the first state in the nation to accept stablecoin as payment, in compliance with the federal GENIUS Act.
Under the program, DFS will also establish a digital wallet address for the receipt of payment stablecoins, identify payment stablecoins best suited for Florida consumers and process payment stablecoins for fees, including licensing, applications, renewals and other regulatory fees administered by DFS.
In addition to championing the Stablecoin Pilot Program, Ingoglia has also echoed President Trump’s call to pass the CLARITY Act, which would establish a regulatory framework for digital commodities and provide value for stablecoin holders.
“Florida’s financial systems must be well equipped for the future of financial transactions, and through the Florida Stablecoin Pilot Program, established by this legislation, we are doing just that,” Ingoglia said in a press release. “President Trump has made it a key priority to make the United States the digital asset capital of the world, and Florida is furthering that mission and making it easier for Floridians to utilize their digital assets.”