The bill establishes the Florida Strategic Cryptocurrency Reserve as a special fund outside the State Treasury, aimed at enhancing the state's financial resilience and positioning it for the future digital economy. It includes definitions for key terms such as "cryptocurrency," "airdrop," and "qualified custodian," and outlines the sources of the reserve, which include legislative appropriations, revenue dedicated by the Legislature, and cryptocurrency acquired through various means. The Chief Financial Officer (CFO) is tasked with the administration and management of the reserve, including the authority to invest reserve funds, pay associated costs, and transfer funds to the State Treasury under specific conditions.

Additionally, the bill creates the Florida Strategic Cryptocurrency Reserve Advisory Committee, which will advise the CFO on the reserve's management and investment policies. The committee will consist of five members, including the CFO and four appointees with expertise in cryptocurrency investments and digital asset security. The CFO is also required to publish a biennial report detailing the reserve's cryptocurrency holdings and their estimated monetary value, as well as actions taken to manage the reserve. The act is set to take effect on July 1, 2026.