Florida House Bill 183 Would Allow State CFO to Invest Up to 10% of Public Funds in Bitcoin

According to reporting by The Block via COINOTAG on October 17, Florida legislators introduced House Bill 183, which would authorize the state’s Chief Financial Officer to invest up to 10% of designated public funds (including the general revenue fund, the budget stabilization fund and various trust funds) in digital assets and exchange‑traded products. The draft bill identifies Bitcoin, tokenized securities and NFTs as eligible instruments and prescribes strict custody protocols, permitting holdings to be maintained by the CFO, a qualified custodian or an ETF registered with the SEC. Citing the March 2025 White House executive order establishing a federal Strategic Bitcoin Reserve as policy context, the measure frames Bitcoin as a potential store of value and inflation hedge for state finances and is slated to take effect July 1, 2026.