Florida passes stablecoin framework with rules from October 2026

Florida passes stablecoin framework bill

Florida lawmakers have approved legislation that creates a state framework for payment stablecoin issuers. The law is pursuant to the federal Guiding and Establishing National Innovation for U.S. Stablecoins Act. The framework integrates payment stablecoin issuers into Florida’s existing money services business and financial institutions codes. It adds licensing conditions, anti-money laundering requirements, and possible criminal penalties for violations by regulated issuers. Legislative analyses describe these measures as a regulatory framework for payment stablecoin issuers under Florida law.

“The bill creates a regulatory framework for payment stablecoin issuers, pursuant to the federal Guiding and Establishing National Innovation for U.S. Stablecoins Act.”, 23 February 2026. — Staff analyst, Florida Legislature

Key provisions start in October 2026

Most core rules for payment stablecoin issuers do not apply immediately. The bill analysis states that the new part of chapter 560 of Florida Statutes starts on 01 October 2026. This new part is titled “Payment Stablecoin Issuers” and sets the regulatory conditions for such issuers. Until that date, Florida has a passed framework but not an active, fully applied regime for payment stablecoin issuers. A crypto news report from early March 2026 states that the bill is still awaiting the governor’s signature.

“Effective October 1, 2026, the bill creates part V of ch. 560, F.S., entitled ‘Payment Stablecoin Issuers’ that establishes regulation of issuers of payment stablecoin.”, 23 February 2026. — Staff analyst, Florida Legislature

Scope and status of Florida regime

The Florida framework focuses on issuers of payment stablecoins as defined in the legislation. It connects state-level supervision to the federal Guiding and Establishing National Innovation for U.S. Stablecoins Act. Florida’s rules sit alongside national initiatives by federal banking regulators on stablecoin standards. The evidence confirms a forthcoming state regime that is not yet in force in early 2026. The legislative record shows that the framework is not yet in force in early 2026.