Florida becomes first US state to pass stablecoin framework

Florida has become the first US state to pass a comprehensive regulatory framework for payment stablecoins, pending Governor Ron DeSantis's signature. The legislation introduces a licensing regime for qualified stablecoin issuers and starts a pilot program allowing the Department of Financial Services to accept stablecoin payments for government services. The framework is designed to align with the federal GENIUS Act, requiring out-of-state issuers to notify Florida's Office of Financial Regulation before operating there. Oversight will be shared between the Office of Financial Regulation and the federal Office of the Comptroller of the Currency for certain stablecoins. Furthermore, the bill restricts qualified payment stablecoin issuers from paying interest to holders if prohibited by federal law.

(Source：Crypto Briefing)