Florida Gov. Ron DeSantis Eyes State Stablecoin Framework Following Senate Passage [Yahoo! Finance]
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Source: Yahoo! Finance
Sam Armes, founder and President of the Florida Blockchain Business Association, described Senate Bill 314's passage as a historic moment on X. He believes the bill will be signed by Florida Governor Ron DeSantis, a crypto advocate , within the next 30 days. A spokesperson for DeSantis told Decrypt that the governor has not yet received the bill from the legislature. “Once delivered to his office, he will review it in its final form,” she added. The measure, which passed unanimously on Friday, folds stablecoins into the Sunshine State's existing regulations by explicitly defining them as a form of “monetary value” under the Florida Control of Money Laundering in Money Services Business Act. The legislation meanwhile authorizes the Florida Department of Financial Services to accept approved stablecoins for payments, such as state-issued licenses and taxes, alongside a pilot program to study how the government could utilize stablecoins itself. Republican Florida State Senator C
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