The bill establishes the Florida Cryptocurrency Reserve as a new trust fund within the office of the Chief Financial Officer, as outlined in the newly created section 215.994 of the Florida Statutes. The reserve will be funded through legislative appropriations, dedicated revenue, and cryptocurrency acquired through various means, including forks and airdrops. Its primary purpose is to manage and invest in cryptocurrency to enhance the state's financial security, diversify its investment portfolio, and adapt to the evolving digital economy.

Additionally, the bill stipulates that the reserve will be subject to review and is set to terminate on July 1, 2030, unless it is terminated sooner or re-created following a review process. The act will take effect contingent upon the passage of related legislation, specifically SB 1038 or similar bills, within the same legislative session.