Paying for a state license or regulatory fee in Florida could soon involve a digital wallet rather than a credit card. On Monday, Chief Financial Officer Blaise Ingoglia unveiled a legislative push to modernize the state’s payment systems, proposing a pilot program that would allow the Department of Financial Services (DFS) to accept stablecoins.
The proposal, which Ingoglia described as a priority for the upcoming legislative session, goes a step further than just accepting third-party cryptocurrency. According to the announcement, the legislation would also grant the DFS the authority to create its own “Florida Stablecoin.”
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Two companion bills—Senate Bill 1568, filed by Senator Nick DiCeglie, and House Bill 1415, filed by Representative Jeff Holcomb—serve as the vehicle for the pilot program. If passed, the DFS would establish a digital wallet address to receive payments for various administrative costs, including licensing, applications, and renewals.
Ingoglia framed the initiative as a necessary evolution to align with federal trends, specifically citing President Donald Trump’s recent signing of the GENIUS Act.
“Florida must ensure that our state is keeping pace with technology and the President’s bold vision,” Ingoglia said in a prepared statement. “I am proud to propose legislation that will ensure Florida is ready for the future of financial transactions with stablecoins.”
Stablecoins are a class of cryptocurrency designed to minimize price volatility, usually by pegging their value to a currency like the U.S. dollar or a commodity like gold. Senator DiCeglie noted that these assets are becoming increasingly popular among Floridians, arguing that state government operations need to evolve alongside consumer habits.
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While the immediate scope of the legislation focuses on the Department of Financial Services, the release indicated a broader long-term objective: transitioning the entirety of Florida’s state government to eventually accept stablecoin payments.
Representative Holcomb praised the CFO’s approach, calling it a move to “raise the bar for innovative legislation” in the state.
The legislative session is set to debate the merits of the pilot program, including the logistics of managing a state-held digital wallet and the potential development of a state-issued digital currency.
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