# Florida HB 175: Payment Stablecoin Florida HB 175, Payment Stablecoin, is a 2026 House bill sponsored by Webster Barnaby (Republican); status signed, last action 2026-06-29 (Chapter No. 2026-176; Companion bill(s) passed, see CS/CS/HB 1087 (Ch. 2026-130)); PRIA reads it as touching household money (as of 2026-10-12). - Canonical: https://policyrisk.com/state-bill/FL-HB175-2026 - As of: 2026-10-12 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Florida HB 175 - State: Florida - Session: 2026 - Title: Payment Stablecoin - Status: signed - Chamber: House - Introduced: 2025-10-15 - Last action: 2026-06-29, Chapter No. 2026-176; Companion bill(s) passed, see CS/CS/HB 1087 (Ch. 2026-130) - Sponsor: Webster Barnaby (Republican) - Cosponsors: 3 - Subjects: Appropriation, Insurance & Banking Subcommittee, Commerce Committee, House Calendar, Rules - Touches household money: yes - Roll calls: 2 (139 yes, 2 no in all) - Economic provisions PRIA read: 12 ## Summary No summary available. ## Bill overview: provisions PRIA read - Stablecoin holders get full reserve backing: benefit, medium. Beginning October 1, 2026, Florida-qualified issuers must hold identifiable reserves worth at least all outstanding stablecoins, providing one-to-one backing. Eligible assets include U.S. cash, Federal Reserve balances, qualifying bank deposits or insured shares, and Treasury securities with maturi… - Stablecoin customers gain sales practice protections: benefit, low. Issuers cannot require customers to buy unrelated products or avoid competitors to access stablecoin services, except for federally authorized bundles. Issuers also cannot use deceptive names or ads suggesting that stablecoins are U.S. legal tender. They cannot imply U.S. government issuance, guara… - Stablecoin holders get public reserve reports: benefit, low. Beginning October 1, 2026, issuers must publish monthly website reports showing outstanding coins and reserve amounts, categories, average maturity, and geographic custody locations. Each month, an accounting firm registered with the Public Company Accounting Oversight Board must examine the previo… - Stablecoin users get clearer fee notices: benefit, low. Beginning October 1, 2026, Florida-qualified issuers must publicly explain clear procedures for timely redemption. They must conspicuously list all purchase and redemption fees in plain language. Consumers must receive at least seven days' notice before those fees change; the law does not cap fees.… - Unlicensed stablecoin operators face large fines: cost, medium. Beginning October 1, 2026, Florida's unlicensed-activity penalties include payment stablecoins. Violations totaling more than $300 but less than $20,000 over 12 months are third-degree felonies. Higher tiers are second-degree felonies from $20,000 to below $100,000 and first-degree felonies at $100… - Large stablecoin issuers face federal oversight: cost, medium. Beginning October 1, 2026, issuers reaching $10 billion in consolidated outstanding stablecoins must notify Florida within seven business days. Without a federal waiver, they have 360 days to enter the applicable federal framework with joint state and federal oversight. Otherwise, they must stop is… - Stablecoin issuers must meet anti-crime rules: cost, medium. Beginning October 1, 2026, covered issuers operating in, from, or into Florida count as money services businesses. Issuers must follow federal money-laundering, sanctions, customer-identification, and due-diligence rules. They must certify their prevention programs within 180 days after license or… - Stablecoin holders face federal yield limits: cost, low. Issuers cannot pay interest or yield solely for holding, using, or keeping a stablecoin when federal law prohibits it. This law does not create a broader ban on payments that federal law allows. - Money services businesses face transaction rules: mixed, medium. Beginning October 1, 2026, money services businesses must record covered Florida transactions over $10,000, including stablecoins, unlawful proceeds, and reporting-evasion transactions. Known same-person transactions are combined when their daily value moving in or out exceeds $10,000. Businesses m… - Stablecoin issuers face financial safety rules: mixed, medium. Beginning October 1, 2026, Florida-qualified issuers must follow applicable capital, available-funds, risk-management, and other federal stablecoin requirements. Reserve custodians must meet Section 10 of the federal GENIUS Act. Florida's Financial Services Commission must adopt implementing rules… - Stablecoin issuers need approval to operate: mixed, medium. Beginning October 1, 2026, Florida stablecoin issuers need a license, and trust companies need a certificate, unless exempt. Federally qualified and qualifying out-of-state issuers are exempt; out-of-state issuers must notify Florida within 30 days of becoming covered. Applicants must show financia… - Personal stablecoin use gets narrower regulation: mixed, low. Beginning October 1, 2026, lawful direct transfers between individuals acting for themselves, without an intermediary, fall outside Florida's stablecoin rules. Transfers between one person's U.S. and foreign accounts are also excluded when the same parent company offers both accounts. Transactions… ## Sponsors and cosponsors - Sponsor: Webster Barnaby (Republican), House - Cosponsor: Commerce Committee - Cosponsor: Mike Giallombardo (Republican), House - Cosponsor: Insurance & Banking Subcommittee ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-03-05 | Senate | Senate Floor Vote | pass | 37 | 0 | | | 2026-03-03 | House | House Floor Vote | pass | 102 | 2 | | ## Actions (41) - 2026-06-29: Chapter No. 2026-176; Companion bill(s) passed, see CS/CS/HB 1087 (Ch. 2026-130) - 2026-06-26: Approved by Governor - 2026-06-15: Signed by Officers and presented to Governor - 2026-03-05: Ordered enrolled (House) - 2026-03-05: In Messages (House) - 2026-03-05: CS passed; YEAS 37 NAYS 0 -SJ 614 (Senate) - 2026-03-05: Read 3rd time -SJ 614 (Senate) - 2026-03-05: Read 2nd time -SJ 614 (Senate) - 2026-03-05: Substituted for CS/CS/SB 314 -SJ 614 (Senate) - 2026-03-05: Placed on Calendar, on 2nd reading (Senate) - 2026-03-05: Withdrawn from Rules -SJ 613 (Senate) - 2026-03-03: Received (Senate) - 2026-03-03: Referred to Rules (Senate) - 2026-03-03: In Messages (Senate) - 2026-03-03: CS passed as amended; YEAS 102, NAYS 2 (House) - 2026-03-03: Added to Third Reading Calendar (House) - 2026-03-03: Read 3rd time (House) - 2026-03-03: Amendment 618355 superseded by substitute (House) - 2026-03-03: Amendment 586903 adopted (House) - 2026-03-03: Read 2nd time (House) - 2026-02-26: 1st Reading (Committee Substitute 2) (House) - 2026-02-26: Bill added to Special Order Calendar (3/3/2026) (House) - 2026-02-26: Bill referred to House Calendar (House) - 2026-02-26: CS Filed (House) - 2026-02-26: Laid on Table under Rule 7.18(a) (House) - 2026-02-26: Reported out of Commerce Committee (House) - 2026-02-24: Favorable with CS by Commerce Committee (House) - 2026-02-20: Added to Commerce Committee agenda (House) - 2026-02-16: Now in Commerce Committee (House) - 2026-02-16: Referred to Commerce Committee (House) - 2026-02-13: 1st Reading (Committee Substitute 1) (House) - 2026-02-13: CS Filed (House) - 2026-02-13: Laid on Table under Rule 7.18(a) (House) - 2026-02-13: Reported out of Insurance & Banking Subcommittee (House) - 2026-02-11: Favorable with CS by Insurance & Banking Subcommittee (House) - 2026-02-09: PCS added to Insurance & Banking Subcommittee agenda (House) - 2026-01-13: 1st Reading (Original Filed Version) (House) - 2025-10-21: Now in Insurance & Banking Subcommittee (House) - 2025-10-21: Referred to Commerce Committee (House) - 2025-10-21: Referred to Insurance & Banking Subcommittee (House) - 2025-10-15: Filed (House) ## Bill text - er, 2026-06-29: [PDF](https://www.flsenate.gov/Session/Bill/2026/175/BillText/er/PDF) - e1, 2026-03-03: [PDF](https://www.flsenate.gov/Session/Bill/2026/175/BillText/e1/PDF) - c2, 2026-02-26: [PDF](https://www.flsenate.gov/Session/Bill/2026/175/BillText/c2/PDF) - c1, 2026-02-13: [PDF](https://www.flsenate.gov/Session/Bill/2026/175/BillText/c1/PDF) - Filed, 2025-10-15: [PDF](https://www.flsenate.gov/Session/Bill/2026/175/BillText/Filed/PDF) ## Related bills - SB 14: Relief of Jose Correa by Miami-Dade County (signed) - HB 6517: Relief/Heriberto A. Sanchez-Mayen/City of St. Petersburg (signed) - HB 6515: Relief/Lourdes Latour and Edward Latour/Miami-Dade County (signed) - HB 6507: Relief/L.E./Department of Children and Families (signed) - HB 6509: Relief/Estate of Mark LaGatta/Department of Transportation (signed) - HB 4103: Apalachicola Water and Sewer District, Franklin County (signed) ## Sources - [er (PDF)](https://www.flsenate.gov/Session/Bill/2026/175/BillText/er/PDF) - [e1 (PDF)](https://www.flsenate.gov/Session/Bill/2026/175/BillText/e1/PDF) - [c2 (PDF)](https://www.flsenate.gov/Session/Bill/2026/175/BillText/c2/PDF) - [c1 (PDF)](https://www.flsenate.gov/Session/Bill/2026/175/BillText/c1/PDF) - [Filed (PDF)](https://www.flsenate.gov/Session/Bill/2026/175/BillText/Filed/PDF) ## Related - [SB 14: Relief of Jose Correa by Miami-Dade County](https://policyrisk.com/state-bill/FL-SB14-2026) - [HB 6517: Relief/Heriberto A. Sanchez-Mayen/City of St. Petersburg](https://policyrisk.com/state-bill/FL-HB6517-2026) - [HB 6515: Relief/Lourdes Latour and Edward Latour/Miami-Dade County](https://policyrisk.com/state-bill/FL-HB6515-2026) - [HB 6507: Relief/L.E./Department of Children and Families](https://policyrisk.com/state-bill/FL-HB6507-2026) - [HB 6509: Relief/Estate of Mark LaGatta/Department of Transportation](https://policyrisk.com/state-bill/FL-HB6509-2026) - [HB 4103: Apalachicola Water and Sewer District, Franklin County](https://policyrisk.com/state-bill/FL-HB4103-2026) - [Florida bills](https://policyrisk.com/states/florida/bills) - [Florida state hub](https://policyrisk.com/states/florida) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/FL-HB175-2026 (as of 2026-10-12).