[Florida Lawmaker Proposes Establishment of Strategic Cryptocurrency Reserve and Trust Fund] Florida State Senator Joe Gruters has introduced bills SB 1038 and SB 1040. SB 1038 proposes the establishment of the Florida Strategic Cryptocurrency Reserve under the Office of the Chief Financial Officer, while SB 1040 proposes the creation of the Florida Cryptocurrency Reserve Trust Fund, outlining the sources and uses of the funds. Both bills are set to take effect on July 1, 2026, provided that both bills or similar legislation are passed and enacted into law during the same legislative session or an extended session.