Florida Passes First U.S. Stablecoin Law: What SB 1568 Means for Crypto Regulation

TLDR: Florida’s SB 1568 passed 37-0, making it the first U.S. state stablecoin regulatory framework. Stablecoin issuers must hold 1:1 reserves in cash or U.S. Treasuries under Florida’s new law. Payment stablecoins are classified as non-securities under Florida law, ending years of legal uncertainty. Issuers exceeding $10B must shift to federal oversight under the GENIUS [...]

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