Florida Passes First Level Stablecoin State Bill – Crypto CLARITY Action Next?

In a positive development for the crypto industry, the Florida State Senate has passed a bill to create a regulatory framework for stablecoins at the federal level. The move comes amid struggles to establish a comprehensive crypto market structure bill in the United States.

Florida Creates Stablecoin Framework With New Bill

On Friday, March 7 in a post on X, Samuel Armes, founder of the advocacy group Florida Blockchain Business Association web3, announced that a bill establishing a regulatory framework for stablecoins has passed the state legislature. According to the representative of Vocal crypto, this bill, named “Senate Bill 314 (SB314),” will be signed by Gov. Ron DeSantis in the coming weeks.

Senate Bill 314, along with Florida House Bill 175, aims to establish a regulatory framework for stablecoin payment issuers in the state. According to Florida Republican State Senator Colleen Burton, this regulatory framework, which is compatible with the federal-level GENIUS Act, will include consumer protection and financial stability guidelines.

BITCOIN HISTORY HAS BEEN MADE IN FLORIDA

We are now the FIRST state to transfer a Stablecoin framework to the nation!

It has now passed the Senate and the House, and will be signed by DeSantis within the next 30 days!

How does this happen? Well, because we honestly… pic.twitter.com/KA3odWMPzA

– Samuel Armes (@samuelarmes) March 6, 2026

Specifically, the SB314 bill revises Florida’s Financial Regulation Money Services Business Act to include stablecoins, while requiring issuers to comply with existing laws and prohibiting illegal issuance in the state. The bill also clarified that certain payment stablecoins are not securities and, therefore, not subject to certain provisions.

An overview of Senate Bill 314 reads as follows:

[This bill] specifies that the office remains responsible for the oversight of eligible stablecoin issuers or is jointly responsible with the Office of the Comptroller of the Currency for such oversight; prohibit the trust company from performing the work of a qualified stablecoin producer unless the trust company obtains a certificate of approval or is exempted from this certificate.

The GENIUS Act, which was signed into law in July 2025, provides the framework for stablecoin issuance in the US, while providing the basis for states like Florida to establish their own crypto-based regulatory framework.

Banks Need To Make A ‘Good Deal’ With Crypto Industry: Trump

Interestingly, the first federal-level stablecoin bill has passed at a time when discussions about the broader crypto market structure legislation, the CLARITY Act, are at their peak. Despite the draft approved by the US House, the legislation has not passed the Senate, in part due to the banking industry’s concerns about yield-generating stablecoins.

According to the President, the Market Structure bill is another step to make the US the crypto capital of the world.

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

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