News Explorer — Florida Senate Clears Stablecoin Bill as DeSantis Weighs State Framework

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Mar 6, 9:24 pm

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Florida Senate Clears Stablecoin Bill as DeSantis Weighs State Framework

Florida's Senate Bill 314, passed unanimously, defines stablecoins as "monetary value" under existing regulations. The bill awaits Governor Ron DeSantis' signature, who is expected to approve it within 30 days. The legislation also allows the Florida Department of Financial Services to accept stablecoins for payments.

Florida's Senate Bill 314, passed unanimously, defines stablecoins as "monetary value" under existing regulations. The bill awaits Governor Ron DeSantis' signature, who is expected to approve it within 30 days. The legislation also allows the Florida Department of Financial Services to accept stablecoins for payments.

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