Sunshine stable ☀️

Florida is close to enacting its own stablecoin legislation as states look to pass local frameworks following last year's U.S. GENIUS Act signing.

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📝 What you need to know

The Sunshine State is close to enacting its own stablecoin law, after the Florida Senate passed a bill on Friday. Governor Ron DeSantis—a crypto advocate—is expected to sign the bill into law in the coming weeks, though a spokesperson for DeSantis simply told Decrypt that he will review the final bill once delivered to his office.

Florida’s move to establish local stablecoin rules follows last summer’s signing of the GENIUS Act by President Trump, enacting a framework for issuing and trading stablecoins in the United States. As more and more companies and traditional finance firms embrace stablecoins, we could see further pushes for local frameworks.

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