【Crypto World】New developments in Florida, USA. On December 31st, State Senator Joe Gruters submitted two key bills.
SB 1038 and SB 1040, these two seemingly similar bill numbers, actually address two different issues. SB 1038 aims to establish a cryptocurrency strategic reserve under the Office of the State Treasurer, essentially meaning the state government will directly hold crypto assets. SB 1040, on the other hand, proposes to create a cryptocurrency reserve trust fund, with clear details on the source of funding and how it will be spent.
However, these two bills will not take effect immediately. According to the schedule, they can only be activated on July 1, 2026, and there is a prerequisite — both bills must be passed within the same legislative session (including any extended sessions). In other words, they are currently just proposals, and subsequent approval depends on how the state legislature votes.
This reflects a gradual shift in how US states view crypto assets.