Environment
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
StateFloridaIntroduced
HB 175: Payment Stablecoin
Commerce Committee
HB 175 status: Introduced — Chapter No. 2026-176; Companion bill(s) passed, see CS/CS/HB 1087 (Ch. 2026-130) (updated Jun 29, 2026).
Source
OpenStates
Confidence
Low
Analysis basis
OpenStates summary
01
What this bill does
Official summary alongside an AI-generated read on where it stands and why.
Overall Score
62OUT OF 100
Score:62/100 civic fit
Risk:Moderate Risk
Impact:Moderate Impact 60/100
Constitutionality85%
Bipartisan70%
Public opinion50%
Bill summary
Payment Stablecoin; Revises Florida Control of Money Laundering in Money Services Business Act to include payment stablecoins; requires certain payment stablecoin issuers to comply with certain regulations; prohibits persons from engaging in activity of qualified payment stablecoin issuer without being licensed or exempted from licensure; requires out-of-state state-qualified payment stablecoin issuers to provide specified written notice to OFR within a specified timeframe; specifies that certain transactions are not regulated under certain provisions; specifies that certain payment stablecoin is not security & not subject to certain provisions; specifies that office remains solely responsible for supervising qualified payment stablecoin issuers or is jointly responsible with Office of Comptroller of Currency for such supervision under certain circumstances; prohibits trust company from engaging in activity of qualified payment stablecoin issuer unless trust company obtains certificate of approval or is exempted from such certificate.
02
Impact analysis
✦ AI analysisModeled effects across six domains, estimated from bill text and comparable legislation.
Economy
Positive outlook
60%
Benefits
- Provides legal clarity by defining payment stablecoins outside of securities law.
- Establishes a formal licensing path for stablecoin issuers.
- Reduces market uncertainty for fintech businesses.
Risks
- Increases compliance costs for small-scale fintech issuers.
- Creates barriers to entry for startup stablecoin projects.
- Imposes administrative burdens via licensing requirements.
Society
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
Technology Industry
Positive outlook
65%
Benefits
- Offers clear regulatory status for stablecoin issuers.
- Formalizes digital asset standards within state law.
- Provides a defined structure for out-of-state entities entering Florida.
Risks
- Strict oversight requirements for trust companies.
- Reporting burdens associated with Office of Financial Regulation (OFR) compliance.
- Mandatory licensure introduces operational overhead.
Civic Accountability
Positive outlook
60%
Benefits
- Codifies supervisory authority for the Office of Financial Regulation.
- Requires written notice for out-of-state issuers to the state regulator.
- Implements clear licensing standards for market participants.
Risks
- Depends on the regulatory capacity and expertise of the OFR.
- Potential for interpretive ambiguity regarding 'qualified' issuer status.
- Complexity in shared oversight with the Office of Comptroller of Currency.
Public Health & Safety
No direct effect
Neutral — no direct effect identified.
Benefits
- No material direct effect identified.
Risks
- No material direct effect identified.
03
How trustworthy & consequential it is
Sourcing already shown above, this is what the analysis found worth flagging.
Source
OpenStates
Official bill text or data from OpenStates.
Confidence
Low
Information is limited or incomplete.
Analysis basis
OpenStates summary
Source used for this bill's analysis.
Source note
Licensing requirements may create significant compliance costs for smaller fintech entities.
Analysis scope
Source is an abstract; full text was not reviewed.
04
Where it stands
Official record- IntroducedCurrent
- CommitteeUpcoming
- Chamber votesUpcoming
- Final agreementUpcoming
- GovernorUpcoming
- EnactedUpcoming
05
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06
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