On March 6, Florida became the first state in the US to pass a stablecoin payment framework. The US Senate has passed the SB 314 bill, which is expected to be signed by Governor Ron DeSantis.
Florida has been the US leader in the Bitcoin ecosystem, and following its latest stablecoin-related move, more states are expected to follow.
Key points of the stablecoin payment framework
During the March 6 meeting, Sen. Burton explained the bill, stating that it:
- Creates a comprehensive regulatory framework for payment stablecoin issuers in Florida
- Aims to integrate state oversight with federal standards, specifically the federal Genius Act, to ensure consumer protection and financial stability
- Permits the Office of Financial Regulation (OFR), to apply for the state to be the regulator of stablecoin issuers on payment systems in Florida
FBBA’s founder marks the event
On March 6, the same day that the bill passed, Samuel Armes, the founder of FBBA, Florida’s largest BTC, crypto, and Web3 advocacy organization, addressed the event on X.
He said that the bill passed both the House and the Senate, and Senator DeSantis is expected to sign it into law within less than a month.
He also highlighted that Florida has been the leader in the Bitcoin world and will continue to lead and make sure that it’s the Bitcoin Capitol of the US and the world.
Armes also thanked everyone who has been a part of the process, including small players and important names like Zach Witkoff and Jason Holloway.
BITCOIN HISTORY WAS JUST MADE IN FLORIDA
We are now the FIRST STATE to Pass a Stablecoin framework in the nation!
It has now passed the Senate and the House, and will be signed by DeSantis within the next 30 days!
How was this able to happen? Well, because we are literally… pic.twitter.com/KA3odWMPzA
— Samuel Armes (@samuelarmes) March 6, 2026
While some critics claimed that the bill has nothing to do with Bitcoin, the new stablecoin law will be beneficial for the entire industry, as stablecoins are an important part of the ecosystem, linking TradFi to DeFi.
The latest event comes after another important achievement for the crypto industry. Kraken was granted access to the US Fed core payment system on March 4.
