Florida enacted a payment stablecoin regulatory measure in 2026. House Bill 175 was approved by the Governor on June 26 and recorded as Chapter No. 2026-176 on June 29.
The measure changes the Florida Control of Money Laundering in Money Services Business Act. Its official description adds payment stablecoins to that framework and creates rules for entities acting as qualified payment stablecoin issuers.
What H0175 changes
According to the official legislative record, H0175 does several distinct things:
- It requires certain payment stablecoin issuers to comply with Florida regulation.
- It bars a person from acting as a qualified payment stablecoin issuer without a license or an applicable exemption.
- It requires an out-of-state, state-qualified issuer to give the Office of Financial Regulation written notice within a specified period.
- It identifies transactions that are outside certain provisions of the regulatory framework.
- It specifies that certain payment stablecoins are not securities under identified Florida provisions.
- It assigns supervision to the Office of Financial Regulation, or joint supervision with the federal Office of the Comptroller of the Currency in specified circumstances.
- It addresses when a trust company must obtain a certificate of approval before acting as a qualified issuer.
Those points describe the legal subjects covered by the act. The enrolled text contains the definitions, conditions, exceptions, and cross-references needed to apply them.
How the Legislature voted
The House passed the bill on third reading by 102-2, with 13 members not voting. The individual names appear in the House roll call.
The Senate passed it by 37-0, with two members absent. The Senate roll call provides that record. The House Commerce Committee had previously reported it favorably by 24-0.
These totals establish broad recorded support. They do not establish why individual members supported the bill or what effect the law will have on prices, competition, adoption, or consumer behavior.
Questions for businesses and consumers
The act creates a Florida regulatory pathway around an evolving form of digital payment. Practical questions now include:
- Which issuers qualify for an exemption, and which must obtain a Florida license?
- What notice must an out-of-state issuer provide?
- Which stablecoin transactions fall outside the identified provisions?
- How will state and federal supervision interact in the circumstances covered by the act?
- What records, reserves, disclosures, fees, or examinations are required by the complete statutory language?
The official description signals these subjects but does not answer every operational question. Businesses should read the enrolled text and applicable agency material before treating this overview as compliance guidance.
What the record does not establish
The legislative data saved for this article does not quantify compliance costs, consumer savings, market growth, fraud reduction, or fiscal impact. It also does not show that any company funded, wrote, or uniquely benefited from the measure. Those claims would require separate evidence.
H0175 is best understood as a regulatory-structure story: Florida placed qualified payment stablecoin issuance inside a licensing and supervision framework, created specified exceptions, and defined how the state treats certain stablecoins under state law.