Florida Senate Approves Stablecoin Licensing Bill, First State Framework Awaits DeSantis Signature

On Friday, the Florida Senate passed Senate Bill 314, which would require stablecoin issuers serving state residents to secure a license from the Florida Office of Financial Regulation. The bill is designed to align Florida's oversight with the federal Genius Act and will make the state the first in the US with a dedicated stablecoin framework if Governor Ron DeSantis signs it into law.