Florida lawmakers advanced Senate Bill 314, which would require stablecoin issuers to obtain a license from the Florida Office of Financial Regulation before offering tokens to residents. The bill aligns with the federal Genius Act, combining state supervision with federal consumer protections and financial safeguards.
If signed by Governor Ron DeSantis, Florida would become the first U.S. state with its own regulatory framework for stablecoins. The legislation comes amid growing national debate over stablecoin rules, balancing innovation in digital assets with oversight to protect consumers and financial stability.
