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 215.596 of the Florida Statutes. The reserve will consist of funds appropriated by the Legislature, revenue dedicated by general law, cryptocurrency acquired through various means, and investment earnings. The primary purpose of the reserve is to acquire, manage, and dispose of cryptocurrency and related assets 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 termination on July 1, 2030, unless it is terminated sooner or re-created following a review process. The act will take effect contingent upon the adoption of related legislation, specifically SB 1038 or similar, within the same legislative session or an extension thereof.